Welbilt (NYSE:WBT) will be posting its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Welbilt to post earnings of $0.25 per share for the quarter. Welbilt has set its FY 2019 guidance at $0.71-0.71 EPS and its FY19 guidance at $0.71-0.81 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Welbilt (NYSE:WBT) last issued its earnings results on Tuesday, August 6th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. Welbilt had a net margin of 4.23% and a return on equity of 52.45%. The firm had revenue of $426.30 million for the quarter, compared to analysts’ expectations of $427.07 million. During the same quarter last year, the business earned $0.20 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. On average, analysts expect Welbilt to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Welbilt stock opened at $18.64 on Tuesday. The company has a debt-to-equity ratio of 6.81, a quick ratio of 1.07 and a current ratio of 1.70. Welbilt has a 52-week low of $10.66 and a 52-week high of $19.47. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 23.90 and a beta of 1.67. The company’s 50 day moving average price is $17.18 and its 200-day moving average price is $16.43.
In related news, CEO William Johnson purchased 13,496 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were acquired at an average price of $14.82 per share, for a total transaction of $200,010.72. Following the completion of the acquisition, the chief executive officer now directly owns 78,502 shares in the company, valued at approximately $1,163,399.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.37% of the company’s stock.
Several research analysts have recently issued reports on the stock. ValuEngine upgraded shares of Welbilt from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Citigroup upgraded shares of Welbilt from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.00 to $19.00 in a report on Wednesday, July 10th. BMO Capital Markets assumed coverage on shares of Welbilt in a report on Friday, October 18th. They issued a “market perform” rating and a $19.00 target price on the stock. Finally, Barclays restated a “buy” rating and issued a $20.00 target price on shares of Welbilt in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $19.71.
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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