Equities research analysts expect Welbilt Inc (NYSE:WBT) to report $332.18 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Welbilt’s earnings. The lowest sales estimate is $326.60 million and the highest is $338.50 million. Welbilt posted sales of $328.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The business is expected to announce its next earnings results on Monday, May 14th.

According to Zacks, analysts expect that Welbilt will report full year sales of $332.18 million for the current year, with estimates ranging from $1.53 billion to $1.57 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.63 billion per share, with estimates ranging from $1.61 billion to $1.64 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Welbilt.

Welbilt (NYSE:WBT) last issued its earnings results on Monday, February 26th. The industrial products company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. Welbilt had a return on equity of 1,126.55% and a net margin of 9.27%. The business had revenue of $365.90 million during the quarter, compared to the consensus estimate of $382.51 million. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year.

Several research analysts have commented on WBT shares. Barclays started coverage on Welbilt in a research note on Tuesday, December 12th. They issued an “overweight” rating and a $25.00 target price for the company. Zacks Investment Research raised Welbilt from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Saturday, January 13th. Susquehanna Bancshares set a $25.00 price target on Welbilt and gave the company a “positive” rating in a report on Tuesday, February 13th. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Welbilt in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $24.33.

Shares of Welbilt (NYSE WBT) traded down $0.07 during midday trading on Friday, reaching $19.43. The company’s stock had a trading volume of 1,629,160 shares, compared to its average volume of 897,920. Welbilt has a fifty-two week low of $18.51 and a fifty-two week high of $23.77. The company has a current ratio of 1.35, a quick ratio of 0.79 and a debt-to-equity ratio of 29.38. The company has a market cap of $2,726.14, a P/E ratio of 20.24, a P/E/G ratio of 2.22 and a beta of 1.41.

In other Welbilt news, COO Josef Matosevic sold 1,681 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $21.79, for a total value of $36,628.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 3,158 shares of company stock worth $69,900. Insiders own 0.67% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Welbilt by 41.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,730 shares of the industrial products company’s stock valued at $182,000 after acquiring an additional 2,268 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Welbilt in the 4th quarter valued at about $218,000. Connable Office Inc. purchased a new stake in shares of Welbilt in the 4th quarter valued at about $243,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Welbilt in the 4th quarter valued at about $282,000. Finally, Water Island Capital LLC purchased a new stake in shares of Welbilt in the 4th quarter valued at about $303,000. 93.60% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “$332.18 Million in Sales Expected for Welbilt Inc (WBT) This Quarter” was first posted by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/03/03/332-18-million-in-sales-expected-for-welbilt-inc-wbt-this-quarter.html.

Welbilt Company Profile

Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.

Get a free copy of the Zacks research report on Welbilt (WBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Welbilt (NYSE:WBT)

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.