Welbilt, Inc (NYSE:WBT) – Analysts at Seaport Global Securities lifted their Q3 2020 earnings per share (EPS) estimates for shares of Welbilt in a report issued on Tuesday, May 14th. Seaport Global Securities analyst W. Liptak now anticipates that the industrial products company will earn $0.36 per share for the quarter, up from their previous estimate of $0.32. Seaport Global Securities also issued estimates for Welbilt’s Q4 2020 earnings at $0.30 EPS and FY2020 earnings at $1.00 EPS.

Welbilt (NYSE:WBT) last announced its earnings results on Tuesday, May 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). Welbilt had a return on equity of 57.14% and a net margin of 3.75%. The company had revenue of $375.30 million for the quarter, compared to the consensus estimate of $373.44 million. During the same period in the prior year, the business earned $0.15 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the stock. Barclays reaffirmed a “buy” rating and issued a $19.00 price target on shares of Welbilt in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Welbilt from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Robert W. Baird set a $18.00 price objective on shares of Welbilt and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, ValuEngine upgraded shares of Welbilt from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 31st. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Welbilt presently has a consensus rating of “Buy” and an average price target of $20.63.

Shares of Welbilt stock opened at $16.79 on Thursday. The company has a debt-to-equity ratio of 8.18, a current ratio of 1.74 and a quick ratio of 1.08. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 21.53 and a beta of 1.78. Welbilt has a 1-year low of $10.66 and a 1-year high of $23.85.

In other Welbilt news, EVP Joel H. Horn sold 2,999 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $16.06, for a total value of $48,163.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Josef Matosevic sold 10,301 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $16.06, for a total transaction of $165,434.06. The disclosure for this sale can be found here. Insiders sold 29,760 shares of company stock valued at $478,775 over the last quarter. 0.37% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd bought a new stake in Welbilt in the first quarter worth $1,109,000. Zebra Capital Management LLC bought a new position in shares of Welbilt during the first quarter valued at about $228,000. Schonfeld Strategic Advisors LLC bought a new position in shares of Welbilt during the first quarter valued at about $242,000. Coastal Investment Advisors Inc. bought a new position in shares of Welbilt during the first quarter valued at about $105,000. Finally, SEI Investments Co raised its stake in shares of Welbilt by 24.3% during the first quarter. SEI Investments Co now owns 13,269 shares of the industrial products company’s stock valued at $219,000 after acquiring an additional 2,594 shares during the last quarter. 95.42% of the stock is owned by institutional investors and hedge funds.

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 and Estimates for Welbilt (NYSE:WBT)

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