Wall Street analysts predict that Welbilt, Inc (NYSE:WBT) will announce $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Welbilt’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.28. Welbilt reported earnings of $0.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 8.7%. The firm is scheduled to report its next earnings report on Monday, November 5th.

On average, 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 forecast that the firm will report earnings of $1.09 per share, with EPS estimates ranging from $1.00 to $1.21. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Welbilt.

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

Several analysts have weighed in on the stock. Barclays set a $25.00 target price on shares of Welbilt and gave the stock a “buy” rating in a research report on Monday, August 20th. Citigroup dropped their price objective on shares of Welbilt from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Wednesday, August 15th. Zacks Investment Research raised shares of Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, July 26th. Finally, CL King initiated coverage on shares of Welbilt in a report on Thursday, June 28th. They issued a “neutral” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $24.50.

In other news, EVP Richard N. Caron sold 9,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $2,188. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in WBT. Brown Advisory Inc. boosted its holdings in shares of Welbilt by 233.8% in the 1st quarter. Brown Advisory Inc. now owns 2,826,840 shares of the industrial products company’s stock valued at $54,982,000 after acquiring an additional 1,980,002 shares during the last quarter. Select Equity Group L.P. boosted its holdings in Welbilt by 11.7% during 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. Wedge Capital Management L L P NC purchased a new stake in Welbilt during the second quarter worth $27,500,000. Bank of New York Mellon Corp boosted its holdings in Welbilt by 183.1% during 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. Finally, Standard Life Aberdeen plc boosted its holdings in Welbilt by 73.2% during the second quarter. Standard Life Aberdeen plc now owns 2,240,397 shares of the industrial products company’s stock worth $50,017,000 after buying an additional 946,747 shares in the last quarter. 89.56% of the stock is currently owned by institutional investors and hedge funds.

NYSE:WBT opened at $21.59 on Friday. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 28.04, a P/E/G ratio of 2.53 and a beta of 1.08. Welbilt has a twelve month low of $18.34 and a twelve month high of $23.85. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 10.00.

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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