$0.25 EPS Expected for Welbilt Inc (WBT) This Quarter
Wall Street brokerages expect Welbilt Inc (NYSE:WBT) to report earnings per share (EPS) of $0.25 for the current quarter, according to Zacks. Four analysts have issued estimates for Welbilt’s earnings, with estimates ranging from $0.22 to $0.28. Welbilt reported earnings per share of $0.16 during the same quarter last year, which suggests a positive year-over-year growth rate of 56.3%. The company is expected to announce its next earnings report on Wednesday, February 21st.
On average, analysts expect that Welbilt will report full year earnings of $0.78 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $0.80. For the next financial year, analysts expect that the company will post earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Welbilt.
Welbilt (NYSE:WBT) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Welbilt had a net margin of 6.14% and a negative return on equity of 2,645.52%. The company had revenue of $380.40 million for the quarter, compared to the consensus estimate of $387.05 million. The business’s quarterly revenue was down .9% compared to the same quarter last year.
Shares of Welbilt (WBT) opened at $21.81 on Wednesday. Welbilt has a one year low of $17.55 and a one year high of $23.46. The company has a current ratio of 1.35, a quick ratio of 0.79 and a debt-to-equity ratio of 29.38. The firm has a market cap of $3,078.96, a PE ratio of 32.00, a P/E/G ratio of 2.84 and a beta of 2.05.
A number of large investors have recently added to or reduced their stakes in WBT. Teachers Advisors LLC acquired a new position in Welbilt during the first quarter worth about $2,795,000. Metropolitan Life Insurance Co. NY acquired a new position in Welbilt during the first quarter worth about $115,000. Credit Suisse AG acquired a new position in Welbilt during the first quarter worth about $1,979,000. Finally, Capital Research Global Investors grew its holdings in Welbilt by 91.3% during the second quarter. Capital Research Global Investors now owns 3,000,000 shares of the industrial products company’s stock worth $56,550,000 after acquiring an additional 1,431,642 shares during the period. 91.15% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/06/0-25-eps-expected-for-welbilt-inc-wbt-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Welbilt Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welbilt Inc and related companies with MarketBeat.com's FREE daily email newsletter.