Equities research analysts expect Welbilt Inc (NYSE:WBT) to post $0.09 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Welbilt’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.07. Welbilt reported earnings of $0.15 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 40%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, May 8th.
According to Zacks, analysts expect that Welbilt will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.75. For the next financial year, analysts anticipate that the firm will report earnings of $0.94 per share, with EPS estimates ranging from $0.92 to $0.95. Zacks’ EPS averages are an average based on a survey of research analysts that cover Welbilt.
Welbilt (NYSE:WBT) last announced its quarterly earnings data on Wednesday, February 15th. The industrial products company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.01. Welbilt had a net margin of 8.38% and a return on equity of 57.49%. The company had revenue of $378.70 million for the quarter, compared to analyst estimates of $391.70 million. The company’s revenue was down 3.3% on a year-over-year basis.
Several equities research analysts recently commented on WBT shares. Zacks Investment Research raised shares of Welbilt from a “sell” rating to a “hold” rating in a research report on Tuesday, January 24th. Barclays PLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Welbilt in a research report on Tuesday, January 10th. Dougherty & Co started coverage on shares of Welbilt in a research report on Thursday, February 2nd. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Robert W. Baird raised shares of Welbilt from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $18.00 to $22.00 in a research report on Thursday, February 16th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Welbilt currently has an average rating of “Hold” and a consensus target price of $20.29.
Shares of Welbilt (NYSE:WBT) traded up 2.70% during midday trading on Thursday, hitting $19.75. The stock had a trading volume of 478,204 shares. Welbilt has a 52 week low of $14.56 and a 52 week high of $19.91. The stock has a 50-day moving average of $19.17 and a 200 day moving average of $18.19. The stock has a market cap of $2.74 billion and a PE ratio of 34.65.
Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC bought a new stake in Welbilt during the first quarter valued at approximately $120,000. DnB Asset Management AS bought a new stake in Welbilt during the first quarter valued at approximately $4,205,000. Finally, Bank of Montreal Can bought a new stake in Welbilt during the first quarter valued at approximately $324,000. 82.50% of the stock is currently owned by institutional investors and hedge funds.
Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.
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