Wall Street analysts expect Welbilt, Inc (NYSE:WBT) to post sales of $420.90 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Welbilt’s earnings, with estimates ranging from $419.20 million to $425.10 million. Welbilt reported sales of $380.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The business is scheduled to issue its next earnings results on Monday, November 5th.
According to Zacks, analysts expect that Welbilt will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $1.58 billion to $1.60 billion. For the next fiscal year, analysts expect that the business will post sales of $1.69 billion, with estimates ranging from $1.68 billion to $1.70 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Welbilt.
Welbilt (NYSE:WBT) last announced its quarterly earnings data on Thursday, August 9th. The industrial products company reported $0.20 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.20. The firm had revenue of $420.70 million during the quarter, compared to analyst estimates of $401.45 million. Welbilt had a net margin of 8.14% and a return on equity of 110.60%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS.
In related news, EVP Richard N. Caron sold 9,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $21.88, for a total transaction of $196,920.00. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $2,188. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.37% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Cornerstone Wealth Management LLC bought a new stake in Welbilt during the 2nd quarter valued at $200,000. Fort L.P. bought a new stake in Welbilt during the 2nd quarter valued at $126,000. Diamond Hill Capital Management Inc. bought a new stake in Welbilt during the 2nd quarter valued at $210,000. Thompson Investment Management Inc. bought a new stake in Welbilt during the 2nd quarter valued at $217,000. Finally, Colony Group LLC bought a new stake in Welbilt during the 2nd quarter valued at $229,000. Institutional investors own 89.56% of the company’s stock.
Shares of WBT traded up $0.10 during mid-day trading on Friday, reaching $18.65. The company’s stock had a trading volume of 3,408 shares, compared to its average volume of 924,579. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 24.21 and a beta of 1.12. The company has a debt-to-equity ratio of 10.00, a quick ratio of 0.80 and a current ratio of 1.41. Welbilt has a 52 week low of $18.31 and a 52 week high of $23.85.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Welbilt Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Welbilt and related companies with MarketBeat.com's FREE daily email newsletter.