Q3 2022 Earnings Estimate for Weber Inc. Issued By KeyCorp (NYSE:WEBR)

Weber Inc. (NYSE:WEBRGet Rating) – Research analysts at KeyCorp dropped their Q3 2022 earnings per share estimates for shares of Weber in a report issued on Monday, May 16th. KeyCorp analyst B. Andress now forecasts that the company will earn $0.13 per share for the quarter, down from their previous estimate of $0.38. KeyCorp also issued estimates for Weber’s Q4 2022 earnings at ($0.05) EPS, Q1 2023 earnings at ($0.08) EPS, Q2 2023 earnings at $0.20 EPS, Q3 2023 earnings at $0.18 EPS, Q4 2023 earnings at ($0.05) EPS and FY2023 earnings at $0.25 EPS.

A number of other research firms also recently commented on WEBR. The Goldman Sachs Group downgraded shares of Weber from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a research note on Thursday, February 24th. Wells Fargo & Company reduced their price target on Weber to $7.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets lowered their price target on Weber from $13.00 to $9.00 in a research report on Tuesday. Bank of America cut shares of Weber from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $12.00 in a research note on Wednesday, January 19th. Finally, Citigroup cut their price target on shares of Weber from $12.00 to $8.00 and set a “na” rating for the company in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Weber currently has an average rating of “Hold” and an average target price of $8.75.

Shares of WEBR stock opened at $6.86 on Thursday. The firm’s fifty day moving average price is $9.54 and its two-hundred day moving average price is $11.27. Weber has a 1 year low of $5.72 and a 1 year high of $20.44. The firm has a market capitalization of $1.97 billion and a P/E ratio of 0.22.

Weber (NYSE:WEBRGet Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.20). The firm had revenue of $607.30 million for the quarter, compared to the consensus estimate of $659.06 million. The business’s quarterly revenue was down 7.2% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Tuesday, June 7th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Monday, June 6th. Weber’s payout ratio is 0.51%.

In related news, CEO Chris M. Scherzinger acquired 20,000 shares of the business’s stock in a transaction on Tuesday, February 22nd. The stock was purchased at an average cost of $9.96 per share, for a total transaction of $199,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.36% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in WEBR. Royal Bank of Canada grew its stake in shares of Weber by 1,621.5% in the first quarter. Royal Bank of Canada now owns 72,112 shares of the company’s stock valued at $709,000 after acquiring an additional 67,923 shares in the last quarter. State Street Corp raised its stake in Weber by 13.2% in the 1st quarter. State Street Corp now owns 330,092 shares of the company’s stock worth $3,245,000 after purchasing an additional 38,503 shares in the last quarter. UBS Group AG boosted its holdings in Weber by 174.5% in the 1st quarter. UBS Group AG now owns 145,086 shares of the company’s stock valued at $1,427,000 after purchasing an additional 92,229 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Weber by 16.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 53,983 shares of the company’s stock worth $531,000 after purchasing an additional 7,489 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Weber by 9.2% during the 1st quarter. Vanguard Group Inc. now owns 1,742,566 shares of the company’s stock worth $17,129,000 after purchasing an additional 146,087 shares in the last quarter. 13.54% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Weber (NYSE:WEBR)

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