Welbilt (WBT) Set to Announce Earnings on Tuesday

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Welbilt (NYSE:WBT) will release its earnings data before the market opens on Tuesday, February 19th. Analysts expect Welbilt to post earnings of $0.18 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Shares of WBT stock opened at $14.44 on Tuesday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 18.75 and a beta of 1.74. The company has a debt-to-equity ratio of 8.23, a current ratio of 1.36 and a quick ratio of 0.74. Welbilt has a 12 month low of $10.66 and a 12 month high of $23.85.

Several analysts have recently issued reports on the stock. ValuEngine upgraded shares of Welbilt from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. Zacks Investment Research upgraded shares of Welbilt from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Longbow Research set a $16.00 target price on shares of Welbilt and gave the stock a “buy” rating in a research note on Monday, January 14th. William Blair reiterated a “buy” rating on shares of Welbilt in a research note on Friday, January 11th. Finally, Barclays set a $19.00 target price on shares of Welbilt and gave the stock a “buy” rating in a research note on Tuesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Welbilt has a consensus rating of “Buy” and a consensus target price of $21.11.

In related news, CFO Haresh Shah purchased 4,500 shares of the business’s stock in a transaction that occurred on Monday, November 26th. The shares were bought at an average cost of $14.04 per share, with a total value of $63,180.00. Following the acquisition, the chief financial officer now owns 4,500 shares of the company’s stock, valued at $63,180. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Johnson purchased 29,962 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $13.33 per share, for a total transaction of $399,393.46. Following the completion of the acquisition, the insider now directly owns 29,962 shares in the company, valued at approximately $399,393.46. The disclosure for this purchase can be found here. Insiders purchased a total of 38,862 shares of company stock worth $522,897 over the last three months. 0.37% of the stock is owned by insiders.

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Welbilt Company Profile

Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.

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Earnings History for Welbilt (NYSE:WBT)

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