William Blair Comments on Welbilt, Inc’s FY2018 Earnings (WBT)

Welbilt, Inc (NYSE:WBT) – Equities research analysts at William Blair increased their FY2018 earnings per share (EPS) estimates for shares of Welbilt in a research report issued on Monday, May 7th, according to Zacks Investment Research. William Blair analyst L. De. Maria now forecasts that the industrial products company will post earnings of $0.94 per share for the year, up from their previous forecast of $0.90. William Blair also issued estimates for Welbilt’s FY2019 earnings at $1.08 EPS.

Welbilt (NYSE:WBT) last released its quarterly earnings results on Monday, May 7th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.04. Welbilt had a return on equity of 161.21% and a net margin of 9.64%. The firm had revenue of $350.40 million for the quarter, compared to analyst estimates of $329.86 million. During the same quarter last year, the company posted $0.08 earnings per share. The business’s revenue was up 6.8% on a year-over-year basis.



A number of other equities analysts have also issued reports on WBT. Susquehanna Bancshares set a $25.00 price target on Welbilt and gave the stock a “positive” rating in a report on Tuesday, February 13th. Seaport Global Securities restated a “buy” rating on shares of Welbilt in a research report on Tuesday, February 27th. Zacks Investment Research downgraded shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. Citigroup reduced their price objective on shares of Welbilt from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. Finally, Longbow Research upgraded shares of Welbilt from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 18th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.00.

Shares of NYSE WBT traded up $0.21 during midday trading on Tuesday, reaching $19.18. 28,674 shares of the company were exchanged, compared to its average volume of 903,569. The company has a quick ratio of 0.97, a current ratio of 1.61 and a debt-to-equity ratio of 9.67. Welbilt has a 1 year low of $19.02 and a 1 year high of $19.26. The firm has a market cap of $2.65 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.16 and a beta of 1.34.

In related news, COO Josef Matosevic sold 1,681 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.79, for a total value of $36,628.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 7,110 shares of company stock valued at $142,365. 0.37% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in WBT. Earnest Partners LLC lifted its position in Welbilt by 2,540.3% in the fourth quarter. Earnest Partners LLC now owns 3,060,176 shares of the industrial products company’s stock valued at $71,945,000 after purchasing an additional 2,944,272 shares during the period. Intermede Investment Partners Ltd acquired a new stake in shares of Welbilt during the 1st quarter valued at approximately $31,820,000. Impax Asset Management LTD acquired a new stake in shares of Welbilt during the 4th quarter valued at approximately $31,796,000. Brown Advisory Inc. acquired a new stake in shares of Welbilt during the 4th quarter valued at approximately $19,909,000. Finally, First Trust Advisors LP lifted its position in shares of Welbilt by 6,756.9% during the 4th quarter. First Trust Advisors LP now owns 711,538 shares of the industrial products company’s stock valued at $16,728,000 after acquiring an additional 701,161 shares during the period. Hedge funds and other institutional investors own 92.45% of the company’s stock.

About Welbilt

Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.

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Earnings History and Estimates for Welbilt (NYSE:WBT)

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