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 (WHO). Since then, WBT stock has increased by 65.1% and is now trading at $14.00.
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5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Welbilt stock.
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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 results on Tuesday, November, 3rd. The industrial products company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.08. The industrial products company had revenue of $298.50 million for the quarter, compared to the consensus estimate of $271.73 million. Welbilt had a net margin of 0.45% and a trailing twelve-month return on equity of 21.76%. The business's quarterly revenue was down 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.22 EPS.
View Welbilt's earnings history.

5 Wall Street analysts have issued 1 year price objectives for Welbilt's stock. Their forecasts range from $8.00 to $20.00. On average, they anticipate Welbilt's stock price to reach $14.17 in the next year. This suggests a possible upside of 1.2% 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 shareholders include Sarasin & Partners LLP (1.90%), Wedge Capital Management L L P NC (0.70%), Franklin Parlapiano Turner & Welch LLC (0.03%), Guardian Investment Management (0.02%) and Huntington National Bank (0.00%). 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 Wedge Capital Management L L P NC, Franklin Parlapiano Turner & Welch LLC, and Huntington National Bank.
View insider buying and selling activity for Welbilt or view top insider-selling stocks.

WBT stock was purchased by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, and Guardian Investment Management. 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 or or view top insider-buying stocks.

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.

One share of WBT stock can currently be purchased for approximately $14.00.

Welbilt has a market capitalization of $1.98 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]