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

$18.44
+0.28 (+1.54 %)
(As of 11/12/2019 01:03 AM ET)
Today's Range
$17.94
Now: $18.44
$18.51
50-Day Range
$16.37
MA: $17.65
$19.67
52-Week Range
$10.66
Now: $18.44
$19.81
Volume1.30 million shs
Average Volume1.29 million shs
Market Capitalization$2.60 billion
P/E Ratio23.64
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$1.29 per share
Book Value$1.33 per share

Profitability

Net Income$78.20 million

Miscellaneous

Employees5,500
Market Cap$2.60 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) released its quarterly earnings data on Tuesday, November, 5th. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.03. The industrial products company earned $410.50 million during the quarter, compared to analysts' expectations of $423.03 million. Welbilt had a return on equity of 48.23% and a net margin of 3.82%. The firm's quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.25 EPS. 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 EPS 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 analysts have issued 12 month target prices for Welbilt's stock. Their forecasts range from $16.00 to $20.00. On average, they expect Welbilt's share price to reach $18.40 in the next year. This suggests that the stock has a possible downside of 0.2%. 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 coverage about WBT stock has trended very negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Welbilt earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Welbilt.

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), Visa (V), Vonage (VG), Middleby (MIDD), Coty (COTY) and Ford Motor (F).

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 variety of of retail and institutional 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 $18.44.

How big of a company is Welbilt?

Welbilt has a market capitalization of $2.60 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:  235 (Vote Outperform)
Underperform Votes:  258 (Vote Underperform)
Total Votes:  493
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 11/12/2019 by MarketBeat.com Staff

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