Welbilt Inc (NYSE:WBT) – Investment analysts at Seaport Global Securities decreased their Q1 2018 EPS estimates for Welbilt in a research note issued to investors on Tuesday. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will earn $0.10 per share for the quarter, down from their prior estimate of $0.13. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Welbilt’s Q2 2018 earnings at $0.20 EPS.
Welbilt (NYSE:WBT) last announced its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.02. Welbilt had a net margin of 9.27% and a return on equity of 1,126.55%. The firm had revenue of $365.90 million during the quarter, compared to analysts’ expectations of $382.51 million. During the same quarter last year, the business earned $0.16 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year.
Shares of Welbilt (NYSE:WBT) opened at $19.81 on Thursday. The company has a quick ratio of 0.79, a current ratio of 1.35 and a debt-to-equity ratio of 29.38. Welbilt has a 52 week low of $18.51 and a 52 week high of $23.77. The company has a market cap of $2,915.81, a PE ratio of 20.64, a P/E/G ratio of 2.38 and a beta of 0.91.
In other Welbilt news, COO Josef Matosevic sold 1,681 shares of Welbilt stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $21.79, for a total transaction of $36,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 3,158 shares of company stock valued at $69,900. 0.67% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in WBT. Earnest Partners LLC raised its position in Welbilt by 2,540.3% during the fourth quarter. Earnest Partners LLC now owns 3,060,176 shares of the industrial products company’s stock worth $71,945,000 after acquiring an additional 2,944,272 shares during the last quarter. Impax Asset Management LTD acquired a new position in Welbilt during the fourth quarter worth about $31,796,000. Brown Advisory Inc. acquired a new position in Welbilt during the fourth quarter worth about $19,909,000. First Trust Advisors LP raised its position in Welbilt by 6,756.9% during the fourth quarter. First Trust Advisors LP now owns 711,538 shares of the industrial products company’s stock worth $16,728,000 after acquiring an additional 701,161 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Welbilt by 2,317.1% during the fourth quarter. Two Sigma Investments LP now owns 375,808 shares of the industrial products company’s stock worth $8,835,000 after acquiring an additional 360,260 shares during the last quarter. Institutional investors own 93.60% of the company’s stock.
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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