The Welbilt Inc (WBT) Expected to Post Quarterly Sales of $366.35 Million

The Welbilt Inc (WBT) Expected to Post Quarterly Sales of $366.35 Million

On average, analysts expect that Welbilt will report full-year sales of $366.35 million for the current year, with estimates ranging from $1.44 billion to $1.46 billion. For the next year, analysts expect that the business will report sales of $1.5 billion per share, with estimates ranging from $1.49 billion to $1.51 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Welbilt.

Wall Street brokerages expect Welbilt Inc (NYSE:WBT) to post $366.35 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Welbilt’s earnings. The highest sales estimate is $369.2 million and the lowest is $361.8 million. Welbilt posted sales of $368.4 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, August 10th.

Welbilt (NYSE:WBT) last issued its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by $0.01. Welbilt had a return on equity of 57.49% and a net margin of 8.38%. The company had revenue of $328 million for the quarter, compared to the consensus estimate of $318.12 million. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. A number of research firms have commented on WBT. Zacks Investment Research upgraded shares of Welbilt from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, May 10th. Barclays PLC boosted their price target on shares of Welbilt from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Dougherty & Co lowered shares of Welbilt from a “buy” rating to a “neutral” rating in a research report on Thursday, February 16th. Finally, Robert W. Baird upgraded shares of Welbilt from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $22.00 in a research report on Thursday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.50.

Shares of Welbilt (NYSE:WBT) traded down 1.46% during trading on Friday, hitting $19.62. 171,269 shares of the stock traded hands. The company has a market cap of $2.72 billion and a PE ratio of 40.88. Welbilt has a one year low of $14.93 and a one year high of $21.13. The firm has a 50 day moving average price of $19.77 and a 200-day moving average price of $18.68. Welbilt Company Profile

Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.

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