Wall Street brokerages forecast that Welbilt, Inc (NYSE:WBT) will announce $0.25 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Welbilt’s earnings. The highest EPS estimate is $0.28 and the lowest is $0.18. Welbilt posted earnings per share of $0.23 during the same quarter last year, which suggests a positive year over year growth rate of 8.7%. 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 year, analysts anticipate that the business will post earnings of $1.09 per share, with EPS estimates ranging from $1.00 to $1.21. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Welbilt.

Welbilt (NYSE:WBT) last announced its quarterly earnings results on Thursday, August 9th. The industrial products company reported $0.20 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.20. Welbilt had a net margin of 8.14% and a return on equity of 110.60%. The firm had revenue of $420.70 million for the quarter, compared to analyst estimates of $401.45 million. During the same period last year, the business earned $0.23 EPS. Welbilt’s revenue for the quarter was up 13.4% compared to the same quarter last year.

A number of equities analysts have recently weighed in on the stock. CL King assumed coverage on shares of Welbilt in a research report on Thursday, June 28th. They issued a “neutral” rating for the company. Buckingham Research assumed coverage on shares of Welbilt in a research report on Thursday, May 24th. They issued a “buy” rating and a $24.00 price objective for the company. Barclays set a $25.00 price objective on shares of Welbilt and gave the company a “buy” rating in a research report on Monday, August 20th. Citigroup boosted their price objective on shares of Welbilt from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research lowered shares of Welbilt from a “buy” rating to a “hold” rating in a research report on Saturday, July 7th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.50.

In related news, EVP Richard N. Caron sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $21.88, for a total value of $196,920.00. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $2,188. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.37% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in WBT. Wells Fargo & Company MN grew its holdings in Welbilt by 8.0% in the first quarter. Wells Fargo & Company MN now owns 989,162 shares of the industrial products company’s stock valued at $19,239,000 after purchasing an additional 73,432 shares during the period. Dupont Capital Management Corp grew its stake in Welbilt by 33.3% during the first quarter. Dupont Capital Management Corp now owns 54,061 shares of the industrial products company’s stock worth $1,051,000 after buying an additional 13,498 shares during the period. Trexquant Investment LP grew its stake in Welbilt by 138.4% during the first quarter. Trexquant Investment LP now owns 52,130 shares of the industrial products company’s stock worth $1,014,000 after buying an additional 30,262 shares during the period. Victory Capital Management Inc. grew its stake in Welbilt by 9.2% during the first quarter. Victory Capital Management Inc. now owns 1,772,830 shares of the industrial products company’s stock worth $34,481,000 after buying an additional 149,395 shares during the period. Finally, Swiss National Bank grew its stake in Welbilt by 2.4% during the first quarter. Swiss National Bank now owns 230,300 shares of the industrial products company’s stock worth $4,479,000 after buying an additional 5,300 shares during the period. Hedge funds and other institutional investors own 89.56% of the company’s stock.

Shares of NYSE:WBT traded up $0.17 during midday trading on Thursday, hitting $21.53. The stock had a trading volume of 341,500 shares, compared to its average volume of 911,268. The company has a market cap of $2.96 billion, a price-to-earnings ratio of 28.09, a PEG ratio of 2.42 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 10.00. Welbilt has a 1 year low of $18.34 and a 1 year 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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Earnings History and Estimates for Welbilt (NYSE:WBT)

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