Analysts expect Welbilt, Inc (NYSE:WBT) to announce earnings of $0.10 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Welbilt’s earnings, with estimates ranging from $0.07 to $0.12. Welbilt reported earnings per share of ($0.07) in the same quarter last year, which suggests a positive year-over-year growth rate of 242.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 3rd.
On average, analysts expect that Welbilt will report full year earnings of $0.47 per share for the current fiscal year, with EPS estimates ranging from $0.44 to $0.56. For the next financial year, analysts expect that the firm will report earnings of $0.77 per share, with EPS estimates ranging from $0.69 to $0.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Welbilt.
Welbilt (NYSE:WBT) last released its quarterly earnings results on Thursday, May 6th. The industrial products company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. The business had revenue of $316.80 million for the quarter, compared to analysts’ expectations of $287.77 million. Welbilt had a return on equity of 13.46% and a net margin of 1.37%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.
WBT stock opened at $23.49 on Thursday. Welbilt has a 52-week low of $5.78 and a 52-week high of $25.19. The business’s fifty day simple moving average is $23.23. The company has a quick ratio of 1.36, a current ratio of 2.12 and a debt-to-equity ratio of 5.21. The firm has a market capitalization of $3.34 billion, a PE ratio of 213.55 and a beta of 2.46.
A number of large investors have recently modified their holdings of WBT. Squarepoint Ops LLC raised its position in shares of Welbilt by 118.8% during the fourth quarter. Squarepoint Ops LLC now owns 108,434 shares of the industrial products company’s stock valued at $1,431,000 after buying an additional 58,874 shares during the last quarter. Select Equity Group L.P. acquired a new position in Welbilt in the fourth quarter valued at approximately $16,927,000. HN Saltoro Capital LP acquired a new position in Welbilt in the fourth quarter valued at approximately $950,000. Verition Fund Management LLC acquired a new position in Welbilt in the fourth quarter valued at approximately $183,000. Finally, Nuveen Asset Management LLC lifted its holdings in Welbilt by 82.7% in the fourth quarter. Nuveen Asset Management LLC now owns 1,076,699 shares of the industrial products company’s stock valued at $14,213,000 after buying an additional 487,268 shares during the period. Hedge funds and other institutional investors own 90.67% of the company’s stock.
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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