Welbilt Stock Forecast, Price & 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 stock has decreased by 20.8% and is now trading at $6.72.
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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, November 3rd 2020.
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Welbilt, Inc (NYSE:WBT) issued its earnings results on Tuesday, August, 4th. The industrial products company reported ($0.07) EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.13) by $0.06. The industrial products company earned $206 million during the quarter, compared to analysts' expectations of $205.09 million. Welbilt had a net margin of 0.45% and a return on equity of 21.76%. The business's revenue was down 51.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 earnings per share.
View Welbilt's earnings history.

Welbilt updated its third quarter 2020 Pre-Market earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $266.825-287.35 million, compared to the consensus revenue estimate of $267.02 million.

4 brokers have issued twelve-month price targets for Welbilt's stock. Their forecasts range from $8.00 to $14.00. On average, they anticipate Welbilt's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 41.4% from the stock's current price.
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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 variety of institutional and retail investors. Top institutional investors include Wedge Capital Management L L P NC (0.83%), Skyline Asset Management LP (0.76%) and Envestnet Asset Management Inc. (0.06%). 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.
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WBT stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC.
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WBT stock was acquired by a variety of institutional investors in the last quarter, including Skyline Asset Management LP, and Envestnet Asset Management Inc.. 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 $6.72.

Welbilt has a market capitalization of $950.96 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]