Equities research analysts expect Welbilt, Inc (NYSE:WBT) to report earnings per share of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Welbilt’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.17. Welbilt reported earnings of $0.26 per share during the same quarter last year, which indicates a negative year over year growth rate of 30.8%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, February 19th.
On average, analysts expect that Welbilt will report full-year earnings of $0.78 per share for the current financial year, with EPS estimates ranging from $0.77 to $0.79. For the next year, analysts anticipate that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.84 to $0.90. Zacks’ EPS calculations are an average based on a survey of analysts that cover Welbilt.
Several research firms recently issued reports on WBT. Zacks Investment Research raised Welbilt from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Robert W. Baird set a $19.00 target price on Welbilt and gave the company a “buy” rating in a research report on Monday, November 5th. KeyCorp cut their target price on Welbilt from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 6th. ValuEngine raised Welbilt from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 31st. Finally, Barclays set a $19.00 target price on Welbilt and gave the company a “buy” rating in a research report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $21.11.
In related news, CFO Haresh Shah purchased 4,500 shares of the business’s stock in a transaction on Monday, November 26th. The shares were bought at an average cost of $14.04 per share, with a total value of $63,180.00. Following the transaction, the chief financial officer now owns 4,500 shares of the company’s stock, valued at $63,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Johnson purchased 29,962 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were bought at an average cost of $13.33 per share, for a total transaction of $399,393.46. Following the completion of the transaction, the insider now directly owns 29,962 shares in the company, valued at approximately $399,393.46. The disclosure for this purchase can be found here. Insiders have acquired a total of 38,862 shares of company stock worth $522,897 over the last ninety days. 0.37% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WBT. Brown Advisory Inc. grew its position in Welbilt by 54.0% during the 3rd quarter. Brown Advisory Inc. now owns 6,336,185 shares of the industrial products company’s stock worth $132,301,000 after purchasing an additional 2,222,105 shares during the period. Handelsbanken Fonder AB acquired a new stake in Welbilt during the 3rd quarter worth about $26,908,000. Dudley & Shanley Inc. boosted its stake in shares of Welbilt by 95.1% during the 4th quarter. Dudley & Shanley Inc. now owns 2,496,420 shares of the industrial products company’s stock worth $27,735,000 after acquiring an additional 1,217,045 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Welbilt by 183.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,474,338 shares of the industrial products company’s stock worth $32,893,000 after acquiring an additional 953,581 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of Welbilt during the 4th quarter worth about $9,924,000. 93.17% of the stock is currently owned by institutional investors.
Welbilt stock traded down $0.27 during mid-day trading on Monday, reaching $14.44. 2,244,528 shares of the company were exchanged, compared to its average volume of 1,212,755. The company has a quick ratio of 0.74, a current ratio of 1.36 and a debt-to-equity ratio of 8.23. The firm has a market cap of $2.06 billion, a P/E ratio of 18.56 and a beta of 1.74. Welbilt has a 12-month low of $10.66 and a 12-month high of $23.85.
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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