$0.20 Earnings Per Share Expected for Welbilt, Inc (NYSE:WBT) This Quarter

Equities analysts predict that Welbilt, Inc (NYSE:WBT) will post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Four analysts have issued estimates for Welbilt’s earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.21. Welbilt posted earnings per share of $0.18 during the same quarter last year, which indicates a positive year over year growth rate of 11.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 18th.

According to Zacks, analysts expect that Welbilt will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.70. For the next financial year, analysts expect that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.83 to $0.92. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Welbilt.

Welbilt (NYSE:WBT) last posted its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.03). Welbilt had a net margin of 3.82% and a return on equity of 48.23%. The business had revenue of $410.50 million during the quarter, compared to the consensus estimate of $423.03 million. During the same quarter last year, the company posted $0.25 EPS. The firm’s revenue was down .6% on a year-over-year basis.

A number of research firms recently weighed in on WBT. BMO Capital Markets began coverage on Welbilt in a research note on Friday, October 18th. They issued a “market perform” rating and a $19.00 price target on the stock. ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research cut Welbilt from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Barclays restated a “buy” rating and issued a $20.00 price target on shares of Welbilt in a research note on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $18.40.

In other news, CEO William Johnson acquired 13,496 shares of the stock in a transaction on Wednesday, August 28th. The shares were purchased at an average price of $14.82 per share, for a total transaction of $200,010.72. Following the transaction, the chief executive officer now directly owns 78,502 shares of the company’s stock, valued at $1,163,399.64. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.37% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of WBT. Great Lakes Advisors LLC bought a new position in shares of Welbilt in the third quarter worth $287,000. Eagle Asset Management Inc. increased its position in shares of Welbilt by 1.5% in the third quarter. Eagle Asset Management Inc. now owns 512,577 shares of the industrial products company’s stock worth $8,642,000 after purchasing an additional 7,568 shares during the period. Intermede Investment Partners Ltd increased its position in shares of Welbilt by 13.1% in the third quarter. Intermede Investment Partners Ltd now owns 2,179,264 shares of the industrial products company’s stock worth $36,742,000 after purchasing an additional 252,587 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of Welbilt by 2.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 57,859 shares of the industrial products company’s stock worth $975,000 after purchasing an additional 1,589 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Welbilt by 28.8% in the third quarter. California Public Employees Retirement System now owns 216,500 shares of the industrial products company’s stock worth $3,650,000 after purchasing an additional 48,400 shares during the period.

WBT traded down $0.12 during trading hours on Tuesday, reaching $18.16. The company’s stock had a trading volume of 1,032,393 shares, compared to its average volume of 1,291,754. Welbilt has a 52 week low of $10.66 and a 52 week high of $19.81. The company’s 50-day moving average is $17.60 and its 200-day moving average is $16.53. The company has a debt-to-equity ratio of 6.81, a quick ratio of 1.07 and a current ratio of 1.70. The firm has a market cap of $2.58 billion, a PE ratio of 23.28 and a beta of 1.70.

Welbilt Company Profile

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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