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.

A number of equities research analysts recently weighed in on WBT shares. Zacks Investment Research cut shares of Welbilt from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Dougherty & Co restated a “neutral” rating on shares of Welbilt in a research note on Thursday, August 17th. Longbow Research started coverage on shares of Welbilt in a research note on Tuesday, October 10th. They set a “neutral” rating on the stock. Citigroup lifted their price objective on shares of Welbilt from $20.00 to $24.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, KeyCorp restated a “buy” rating and set a $25.00 price objective on shares of Welbilt in a research note on Thursday, October 12th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Welbilt currently has an average rating of “Hold” and an average price target of $22.33.

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.

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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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Earnings History and Estimates for Welbilt (NYSE:WBT)

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