Welbilt Stock Forecast, Price & News

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 15.7% and is now trading at $9.81.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Welbilt is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Welbilt.

Welbilt, Inc (NYSE:WBT) announced its quarterly earnings data on Tuesday, November, 3rd. The industrial products company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.01) by $0.08. The industrial products company earned $298.50 million during the quarter, compared to analysts' expectations of $271.73 million. Welbilt had a net margin of 0.45% and a return on equity of 21.76%. The firm's revenue was down 27.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS.
View Welbilt's earnings history.

4 Wall Street analysts have issued 1 year price objectives for Welbilt's stock. Their forecasts range from $8.00 to $14.00. On average, they anticipate Welbilt's stock price to reach $10.25 in the next year. This suggests a possible upside of 4.5% from the stock's current price.
View analysts' price targets for Welbilt.

Some companies that are related to Welbilt include The Middleby (MIDD), 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 shareholders include BlackRock Inc. (6.24%), Champlain Investment Partners LLC (5.51%), JPMorgan Chase & Co. (3.37%), Gates Capital Management Inc. (3.16%), Ninety One UK Ltd (3.04%) and State Street Corp (1.80%). 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 Ninety One UK Ltd, BlackRock Inc., WINTON GROUP Ltd, Arrowstreet Capital Limited Partnership, Morgan Stanley, State Street Corp, Voloridge Investment Management LLC, and BNP PARIBAS ASSET MANAGEMENT Holding S.A..
View insider buying and selling activity for Welbilt.

WBT stock was bought by a variety of institutional investors in the last quarter, including Earnest Partners LLC, Wells Fargo & Company MN, Gates Capital Management Inc., JPMorgan Chase & Co., Cubist Systematic Strategies LLC, Sarasin & Partners LLP, ArrowMark Colorado Holdings LLC, and Aigen Investment Management LP. Company insiders that have bought Welbilt stock in the last two years include Jennifer Gudenkauf, 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 $9.81.

Welbilt has a market capitalization of $1.39 billion 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]