On average, analysts expect that Welbilt will report full year earnings of $0.73 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.75. For the next fiscal year, analysts forecast that the firm will post earnings of $0.91 per share, with EPS estimates ranging from $0.85 to $0.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Welbilt.
Analysts expect Welbilt Inc (NYSE:WBT) to post earnings per share (EPS) of $0.18 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Welbilt’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.19. Welbilt posted earnings of $0.12 per share during the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is expected to issue its next earnings report on Thursday, August 10th.
Welbilt (NYSE:WBT) last announced its earnings results on Monday, May 8th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Welbilt had a net margin of 8.38% and a return on equity of 57.49%. The business had revenue of $328 million for the quarter, compared to analyst estimates of $318.12 million. The firm’s quarterly revenue was up .8% on a year-over-year basis. WBT has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Welbilt from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Dougherty & Co initiated coverage on Welbilt in a research report on Thursday, February 2nd. They set a “buy” rating and a $21.00 target price on the stock. Barclays PLC lifted their target price on Welbilt from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 19th. Finally, Robert W. Baird upgraded Welbilt from a “neutral” rating to an “outperform” rating and lifted their target price for the stock 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 issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.50.
Shares of Welbilt (NYSE:WBT) traded down 1.46% on Thursday, reaching $19.62. The company had a trading volume of 171,269 shares. The company has a market capitalization of $2.72 billion and a P/E ratio of 40.88. Welbilt has a 52 week low of $14.93 and a 52 week high of $21.13. The company has a 50 day moving average of $19.77 and a 200-day moving average of $18.68. Institutional investors have recently modified their holdings of the stock. Geneva Advisors LLC bought a new position in shares of Welbilt during the first quarter valued at about $1,135,000. DnB Asset Management AS bought a new position in shares of Welbilt during the first quarter valued at about $4,205,000. Greenwich Wealth Management LLC bought a new position in shares of Welbilt during the first quarter valued at about $1,012,000. Leavell Investment Management Inc. bought a new position in shares of Welbilt during the first quarter valued at about $221,000. Finally, Diversified Trust Co bought a new position in shares of Welbilt during the first quarter valued at about $222,000. Hedge funds and other institutional investors own 82.50% of the company’s stock.
About Welbilt 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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