Analysts expect Welbilt, Inc (NYSE:WBT) to post earnings per share (EPS) of $0.27 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Welbilt’s earnings, with estimates ranging from $0.26 to $0.28. Welbilt reported earnings per share of $0.23 during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The company is expected to issue its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Welbilt will report full year earnings of $0.87 per share for the current financial year, with EPS estimates ranging from $0.85 to $0.90. For the next financial year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.00 to $1.11. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Welbilt.

Welbilt (NYSE:WBT) last released its quarterly earnings data on Thursday, August 9th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. Welbilt had a return on equity of 110.60% and a net margin of 8.14%. The company had revenue of $420.70 million during the quarter, compared to the consensus estimate of $401.45 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year.

Several analysts have recently commented on WBT shares. Zacks Investment Research downgraded shares of Welbilt from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Barclays set a $25.00 price objective on Welbilt and gave the company a “buy” rating in a research note on Monday, August 20th. CL King assumed coverage on Welbilt in a research note on Thursday, June 28th. They set a “neutral” rating on the stock. Finally, Citigroup lowered their target price on Welbilt from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $24.40.

In other news, EVP Richard N. Caron sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $21.88, for a total transaction of $196,920.00. Following the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $2,188. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.37% of the company’s stock.

A number of hedge funds have recently modified their holdings of WBT. Northern Trust Corp grew its stake in shares of Welbilt by 3.8% in the second quarter. Northern Trust Corp now owns 760,510 shares of the industrial products company’s stock worth $16,966,000 after acquiring an additional 27,661 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in Welbilt in the second quarter valued at about $4,690,000. Bank of New York Mellon Corp increased its position in Welbilt by 183.1% in the second 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 buying an additional 953,581 shares in the last quarter. Select Equity Group L.P. increased its position in Welbilt by 11.7% in the second quarter. Select Equity Group L.P. now owns 14,009,123 shares of the industrial products company’s stock worth $312,544,000 after buying an additional 1,470,878 shares in the last quarter. Finally, Colony Group LLC purchased a new stake in Welbilt in the second quarter worth about $229,000. 89.56% of the stock is currently owned by institutional investors.

NYSE:WBT opened at $18.55 on Wednesday. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 24.09 and a beta of 1.12. Welbilt has a fifty-two week low of $18.31 and a fifty-two week high of $23.85. The company has a debt-to-equity ratio of 10.00, a current ratio of 1.41 and a quick ratio of 0.80.

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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