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 16.4% and is now trading at $7.09. View which stocks have been most impacted by Coronavirus.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 2 hold ratings and 3 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) released its quarterly earnings data on Tuesday, May, 5th. The industrial products company reported $0.01 EPS for the quarter, meeting the Zacks' consensus estimate 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 return on equity of 39.54% and a net margin of 2.80%. The company's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.05 EPS. View Welbilt's earnings history.

Welbilt updated its first quarter 2020 IntraDay earnings guidance on Monday, April, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $322.758-326.511 million, compared to the consensus revenue estimate of $332.38 million.

5 analysts have issued 1 year target prices for Welbilt's shares. Their forecasts range from $6.50 to $20.00. On average, they expect Welbilt's stock price to reach $13.50 in the next year. This suggests a possible upside of 90.4% from the stock's current price. View analysts' price targets for Welbilt.

Media stories about WBT stock have trended somewhat positive on Friday, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Welbilt earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutWelbilt.

Welbilt saw a increase in short interest in May. As of May 15th, there was short interest totaling 11,230,000 shares, an increase of 22.2% from the April 30th total of 9,190,000 shares. Based on an average daily trading volume, of 2,590,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 8.0% 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 retail and institutional investors. Top institutional investors include Impax Asset Management Group plc (7.84%), BlackRock Inc. (6.26%), Champlain Investment Partners LLC (5.59%), Invesco Ltd. (3.60%), JPMorgan Chase & Co. (3.34%) and Nuveen Asset Management LLC (2.53%). 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 Nuveen Asset Management LLC, BlackRock Inc., Impax Asset Management Group plc, Parametric Portfolio Associates LLC, Morgan Stanley, Wells Fargo & Company MN, Atlanta Capital Management Co. L L C, and Oak Ridge Investments LLC. View insider buying and selling activity for Welbilt.

WBT stock was acquired by a variety of institutional investors in the last quarter, including Invesco Ltd., Federated Hermes Inc., JPMorgan Chase & Co., Two Sigma Investments LP, Two Sigma Advisers LP, Eaton Vance Management, Voloridge Investment Management LLC, and Wedge Capital Management L L P NC. 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 $7.09.

Welbilt has a market capitalization of $1.00 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]