NYSE:WBTWelbilt Stock Price, Forecast & News

Welbilt's stock was trading at $8.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WBT shares have decreased by 29.4% and is now trading at $5.99. View which stocks have been most impacted by Coronavirus.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Welbilt.

Welbilt is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Welbilt.

Welbilt, Inc (NYSE:WBT) issued its earnings results on Tuesday, May, 5th. The industrial products company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. The industrial products company earned $328.90 million during the quarter, compared to analysts' expectations of $323.10 million. Welbilt had a net margin of 2.80% and a return on equity of 39.54%. The business's revenue was down 12.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 earnings per share. View Welbilt's earnings history.

6 brokerages have issued 12 month price objectives for Welbilt's stock. Their forecasts range from $8.00 to $20.00. On average, they expect Welbilt's share price to reach $12.83 in the next twelve months. This suggests a possible upside of 114.2% from the stock's current price. View analysts' price targets for Welbilt.

Media stories about WBT stock have trended very negative on Monday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Welbilt earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news headlines about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Welbilt.

Welbilt saw a drop in short interest in June. As of June 30th, there was short interest totaling 6,800,000 shares, a drop of 21.0% from the June 15th total of 8,610,000 shares. Based on an average daily volume of 2,230,000 shares, the days-to-cover ratio is currently 3.0 days. Currently, 4.8% of the company's shares are short sold. View Welbilt's Current Options Chain.

Some companies that are related to Welbilt include Middleby (MIDD), Evoqua Water Technologies (AQUA), Tennant (TNC), Standex Int'l (SXI) and Generation Next Franchise Brands (VEND). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include Manitowoc (MTW), Progenics Pharmaceuticals (PGNX), WPX Energy (WPX), Coty (COTY), Carnival (CCL), Energy Transfer LP Unit (ET), Ring Energy (REI), Ring Energy (REI), United Continental (UAL) and American Airlines Group (AAL).

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

Welbilt's stock is owned by a number of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.83%), Skyline Asset Management LP (0.71%) and Envestnet Asset Management Inc. (0.04%). Company insiders that own Welbilt stock include Haresh Shah, Jamie E Palm, Jennifer Gudenkauf, Joel H Horn, Josef Matosevic, Richard James Sheffer, 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 Envestnet Asset Management Inc., and Wedge Capital Management L L P NC. View insider buying and selling activity for Welbilt.

WBT stock was bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP. Company insiders that have bought Welbilt stock in the last two years include Haresh Shah, Jennifer Gudenkauf, Richard James Sheffer, and William Johnson. View insider buying and selling activity for 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.

One share of WBT stock can currently be purchased for approximately $5.99.

Welbilt has a market capitalization of $847.58 million and generates $1.59 billion in revenue each year. The industrial products company earns $55.90 million in net income (profit) each year or $0.68 on an earnings per share basis. Welbilt employs 5,100 workers across the globe.

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

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]