Weber (WEBR) Set to Announce Quarterly Earnings on Monday

Weber (NYSE:WEBRGet Rating) will release its earnings data before the market opens on Monday, May 16th. Analysts expect Weber to post earnings of $0.18 per share for the quarter. Weber has set its FY 2022 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Weber (NYSE:WEBRGet Rating) last announced its earnings results on Monday, February 14th. The company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09). The company had revenue of $283.10 million for the quarter, compared to analysts’ expectations of $310.78 million. The firm’s revenue was down 8.4% compared to the same quarter last year. On average, analysts expect Weber to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Weber stock opened at $8.58 on Monday. The company has a 50 day moving average of $10.15. Weber has a 1 year low of $8.50 and a 1 year high of $20.44.

In other Weber news, Director Susan T. Congalton purchased 10,000 shares of the business’s stock in a transaction on Thursday, February 17th. The shares were bought at an average cost of $10.59 per share, for a total transaction of $105,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Chris M. Scherzinger purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, February 22nd. The shares were acquired at an average cost of $9.96 per share, with a total value of $199,200.00. The disclosure for this purchase can be found here. Company insiders own 0.36% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System boosted its holdings in Weber by 170.0% in the fourth quarter. California State Teachers Retirement System now owns 24,823 shares of the company’s stock valued at $321,000 after purchasing an additional 15,630 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Weber by 49.5% during the 4th quarter. JPMorgan Chase & Co. now owns 19,188 shares of the company’s stock worth $248,000 after buying an additional 6,350 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Weber by 45.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,780 shares of the company’s stock valued at $191,000 after buying an additional 4,625 shares in the last quarter. Credit Suisse AG purchased a new position in shares of Weber in the 4th quarter valued at $171,000. Finally, American International Group Inc. acquired a new stake in Weber during the 3rd quarter worth $164,000. 13.54% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on the stock. Bank of America downgraded shares of Weber from a “buy” rating to a “neutral” rating and dropped their target price for the company from $17.00 to $12.00 in a report on Wednesday, January 19th. JPMorgan Chase & Co. cut Weber from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $9.50 in a research note on Tuesday, February 15th. The Goldman Sachs Group lowered Weber from a “buy” rating to a “neutral” rating and set a $11.00 target price on the stock. in a research note on Thursday, February 24th. Zacks Investment Research downgraded Weber from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, BMO Capital Markets reduced their price target on shares of Weber from $16.00 to $13.00 in a research report on Tuesday, February 15th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.36.

Weber Company Profile (Get Rating)

Weber Inc, an outdoor cooking company, manufactures and distributes outdoor cooking products, accessories, consumables, and services in North America, Europe, Australia, and internationally. Its products include charcoal and gas grills, smokers, pellet and electric grills, and Weber Connect Smart Grilling Hub; and accessories, consumables, and services.

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