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Welbilt Stock Price, Forecast & Analysis (NYSE:WBT)

$16.77
+0.05 (+0.30 %)
(As of 11/22/2019 12:48 PM ET)
Today's Range
$16.67
Now: $16.77
$16.97
50-Day Range
$16.37
MA: $17.77
$19.67
52-Week Range
$10.66
Now: $16.77
$19.81
Volume45,109 shs
Average Volume1.46 million shs
Market Capitalization$2.37 billion
P/E Ratio21.50
Dividend YieldN/A
Beta1.7
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.

Industry, Sector and Symbol

Industry Refrigeration & service industry machinery
Sub-IndustryN/A
SectorIndustrial Products
CUSIPN/A
Phone727-375-7010

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.59 billion
Cash Flow$1.19 per share
Book Value$1.63 per share

Profitability

Net Income$78.20 million

Miscellaneous

Employees5,500
Market Cap$2.37 billion
Next Earnings Date2/18/2020 (Estimated)
OptionableOptionable

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Welbilt (NYSE:WBT) Frequently Asked Questions

What is Welbilt's stock symbol?

Welbilt trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBT."

How were Welbilt's earnings last quarter?

Welbilt, Inc (NYSE:WBT) posted its quarterly earnings data on Tuesday, November, 5th. The industrial products company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.03. The industrial products company earned $410.50 million during the quarter, compared to the consensus estimate of $423.03 million. Welbilt had a return on equity of 46.20% and a net margin of 3.82%. The company's revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.25 earnings per share. View Welbilt's Earnings History.

When is Welbilt's next earnings date?

Welbilt is scheduled to release their next quarterly earnings announcement on Tuesday, February 18th 2020. View Earnings Estimates for Welbilt.

What guidance has Welbilt issued on next quarter's earnings?

Welbilt issued an update on its FY19 earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $0.67-0.72 for the period, compared to the Thomson Reuters consensus estimate of $0.73. The company issued revenue guidance of $1.61-1.63 billion (+1.5-2.5%), compared to the consensus revenue estimate of $1.64 billion.

What price target have analysts set for WBT?

6 brokerages have issued twelve-month price objectives for Welbilt's shares. Their forecasts range from $16.00 to $20.00. On average, they expect Welbilt's share price to reach $18.40 in the next twelve months. This suggests a possible upside of 9.9% from the stock's current price. View Analyst Price Targets for Welbilt.

What is the consensus analysts' recommendation for Welbilt?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Welbilt.

What are Wall Street analysts saying about Welbilt stock?

Here are some recent quotes from research analysts about Welbilt stock:
  • 1. According to Zacks Investment Research, "Welbilt, Inc. designs, manufactures and supplies food and beverage equipment for foodservice market. It operates primarily in Americas, Europe and Asia. The company brands includes Cleveland(TM), Convotherm(R), Delfield(R), fitkitchen(SM), Frymaster(R), Garland(R), Kolpak(R), Lincoln(TM), Manitowoc Ice(R), Merco(R), Merrychef(R) and Multiplex(R). Welbilt Inc., formerly known as Manitowoc Foodservice Inc., is based in New Port Richey, United States. " (11/9/2019)
  • 2. Barclays PLC analysts commented, "We remain OW as we see WBT as a more defensive longer-term name to own in the space through the cycle. Organic growth aids WBT’s push for margin expansion (positive price realization, capacity utilization), leading to higher FCF generation and debt reduction. WBT is targeting being at 4x leverage by the end of the year, but the hope is it could be a fraction lower. The company continues to focus automated technology and the connected kitchen, a continuation of their previous strategy and a trend we believe will dictate the next cycle in food equipment replacement." (2/20/2019)

Has Welbilt been receiving favorable news coverage?

Media headlines about WBT stock have trended somewhat negative on Friday, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Welbilt earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave press coverage about the industrial products company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Welbilt.

Are investors shorting Welbilt?

Welbilt saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 13,030,000 shares, a decline of 7.9% from the September 30th total of 14,150,000 shares. Based on an average trading volume of 1,220,000 shares, the days-to-cover ratio is presently 10.7 days. Currently, 9.3% of the company's stock are sold short. View Welbilt's Current Options Chain.

Who are some of Welbilt's key competitors?

What other stocks do shareholders of Welbilt own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include Manitowoc (MTW), Progenics Pharmaceuticals (PGNX), WPX Energy (WPX), Telecom plus (TEP), Caterpillar (CAT), Middleby (MIDD), Ford Motor (F), Kinder Morgan (KMI), Visa (V) and Vonage (VG).

Who are Welbilt's key executives?

Welbilt's management team includes the folowing people:
  • Mr. Hubertus M. Muehlhaeuser, Pres, CEO & Director (Age 48)
  • Mr. Haresh Shah, Sr. VP & CFO (Age 49)
  • Mr. Josef Matosevic, Sr. VP & COO (Age 47)
  • Mr. Andreas Georg Weishaar, Sr. VP of Strategy, Marketing & Digital (Age 45)
  • Mr. Richard N. Caron, Sr. VP of Innovation (Age 61)

Who are Welbilt's major shareholders?

Welbilt's stock is owned by a number of of institutional and retail investors. Top institutional investors include Handelsbanken Fonder AB (1.85%), Intermede Investment Partners Ltd (1.54%), Dudley & Shanley Inc. (1.05%), Wedge Capital Management L L P NC (0.73%), Skyline Asset Management LP (0.45%) and Eagle Asset Management Inc. (0.36%). Company insiders that own Welbilt stock include Haresh Shah, Jamie E Palm, Joel H Horn, Josef Matosevic, Richard James Sheffer, Richard N Caron and William Johnson. View Institutional Ownership Trends for Welbilt.

Which major investors are selling Welbilt stock?

WBT stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Comerica Bank, Wedge Capital Management L L P NC, Gabelli Funds LLC, SG Americas Securities LLC, Handelsbanken Fonder AB, Gamco Investors INC. ET AL and Dupont Capital Management Corp. Company insiders that have sold Welbilt company stock in the last year include Haresh Shah, Jamie E Palm, Joel H Horn, Josef Matosevic, Richard James Sheffer and Richard N Caron. View Insider Buying and Selling for Welbilt.

Which major investors are buying Welbilt stock?

WBT stock was acquired by a variety of institutional investors in the last quarter, including Intermede Investment Partners Ltd, State of New Jersey Common Pension Fund D, CWM LLC, California Public Employees Retirement System, Great Lakes Advisors LLC, Janney Montgomery Scott LLC, Eagle Asset Management Inc. and Envestnet Asset Management Inc.. Company insiders that have bought Welbilt stock in the last two years include Haresh Shah, Richard James Sheffer and William Johnson. View Insider Buying and Selling for Welbilt.

How do I buy shares of Welbilt?

Shares of WBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Welbilt's stock price today?

One share of WBT stock can currently be purchased for approximately $16.75.

How big of a company is Welbilt?

Welbilt has a market capitalization of $2.36 billion and generates $1.59 billion in revenue each year. The industrial products company earns $78.20 million in net income (profit) each year or $0.78 on an earnings per share basis. Welbilt employs 5,500 workers across the globe.View Additional Information About Welbilt.

What is Welbilt's official website?

The official website for Welbilt is http://www.manitowocfoodservice.com/.

How can I contact Welbilt?

Welbilt's mailing address is 2227 WELBILT BOULEVARD, NEW PORT RICHEY FL, 34655. The industrial products company can be reached via phone at 727-375-7010 or via email at [email protected]


MarketBeat Community Rating for Welbilt (NYSE WBT)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  238 (Vote Outperform)
Underperform Votes:  260 (Vote Underperform)
Total Votes:  498
MarketBeat's community ratings are surveys of what our community members think about Welbilt and other stocks. Vote "Outperform" if you believe WBT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WBT will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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