Welbilt Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 8 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Welbilt stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WBT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Welbilt a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Welbilt wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Welbilt is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
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Welbilt, Inc (NYSE:WBT) released its earnings results on Tuesday, August, 3rd. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.09. The industrial products company had revenue of $395.60 million for the quarter, compared to analyst estimates of $352.70 million. Welbilt had a net margin of 4.26% and a trailing twelve-month return on equity of 27.29%. The firm's revenue for the quarter was up 92.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.07) EPS.
View Welbilt's earnings history.

Welbilt's stock was trading at $8.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WBT shares have increased by 176.5% and is now trading at $23.45.
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Welbilt updated its FY 2021 earnings guidance on Tuesday, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.48 billion-$1.48 billion, compared to the consensus revenue estimate of $1.38 billion.

8 analysts have issued 12-month price objectives for Welbilt's shares. Their forecasts range from $18.00 to $26.00. On average, they expect Welbilt's stock price to reach $22.67 in the next twelve months. This suggests that the stock has a possible downside of 3.3%.
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Some companies that are related to Welbilt include The Middleby (MIDD), Hayward (HAYW), Evoqua Water Technologies (AQUA), Tennant (TNC), Standex International (SXI) and Generation Next Franchise Brands (VEND).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include The Manitowoc (MTW), Progenics Pharmaceuticals (PGNX), Coty (COTY), WPX Energy (WPX), Advanced Micro Devices (AMD), Energy Transfer (ET), Visa (V), Ford Motor (F), Cloudera (CLDR) and Macy's (M).

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

Welbilt's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.31%), Icahn Carl C (7.84%), BlackRock Inc. (6.28%), Invesco Ltd. (4.08%), Dimensional Fund Advisors LP (2.09%) and JPMorgan Chase & Co. (2.08%). Company insiders that own Welbilt stock include Jennifer Gudenkauf, Richard N Caron and William Johnson.
View institutional ownership trends for Welbilt.

WBT stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Invesco Ltd., JPMorgan Chase & Co., Ninety One UK Ltd, BlackRock Inc., FMR LLC, Icahn Carl C, and ArrowMark Colorado Holdings LLC.
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WBT stock was bought by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Water Island Capital LLC, Goldman Sachs Group Inc., Alpine Associates Management Inc., Balyasny Asset Management LLC, Border to Coast Pensions Partnership Ltd, Westchester Capital Management LLC, and Spring Creek Capital LLC. Company insiders that have bought Welbilt stock in the last two years include Jennifer Gudenkauf, and William Johnson.
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Shares of WBT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of WBT stock can currently be purchased for approximately $23.45.

Welbilt has a market capitalization of $3.33 billion and generates $1.15 billion in revenue each year. The industrial products company earns $-7,400,000.00 in net income (profit) each year or $0.16 on an earnings per share basis.

Welbilt employs 4,400 workers across the globe.

The official website for Welbilt is www.manitowocfoodservice.com.

Welbilt is headquartered at 2227 WELBILT BOULEVARD, NEW PORT RICHEY FL, 34655.

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].