NYSE:WBT - Welbilt Stock Price, Forecast & News

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

Welbilt, Inc (NYSE:WBT) announced its quarterly earnings data on Tuesday, February, 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The industrial products company had revenue of $381.80 million for the quarter, compared to the consensus estimate of $400.51 million. Welbilt had a net margin of 3.51% and a return on equity of 45.66%. Welbilt's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.18 earnings per share. View Welbilt's Earnings History.

Welbilt is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Welbilt.

Welbilt updated its FY20 earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of $0.68-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.83. The company issued revenue guidance of (2%) to 1% to $1.56-1.61 billion, compared to the consensus revenue estimate of $1.64 billion.

4 brokerages have issued 12 month target prices for Welbilt's stock. Their forecasts range from $14.00 to $20.00. On average, they anticipate Welbilt's stock price to reach $18.00 in the next year. This suggests a possible upside of 36.2% from the stock's current price. View Analyst Price Targets for Welbilt.

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." View Analyst Ratings for Welbilt.

News articles about WBT stock have been trending very negative on Friday, according to InfoTrie. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Welbilt earned a coverage optimism score of -3.0 on InfoTrie's scale. They also gave news coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Welbilt.

Welbilt saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,670,000 shares, a decrease of 5.1% from the January 15th total of 13,350,000 shares. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is currently 10.6 days. Currently, 9.0% of the company's stock 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include Manitowoc (MTW), Progenics Pharmaceuticals (PGNX), WPX Energy (WPX), Energy Transfer LP Unit (ET), Pure Storage (PSTG), Vonage (VG), Telecom plus (TEP), People's United Financial (PBCT), Caterpillar (CAT) and Coty (COTY).

Welbilt's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Champlain Investment Partners LLC (5.60%), Investec Asset Management LTD (3.63%), FMR LLC (2.64%), Earnest Partners LLC (2.48%), State Street Corp (1.94%) and Standard Life Aberdeen plc (1.60%). Company insiders that own Welbilt stock include Haresh Shah, Jamie E Palm, 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 Handelsbanken Fonder AB, FMR LLC, Ancora Advisors LLC, Bank of New York Mellon Corp, Russell Investments Group Ltd., Victory Capital Management Inc., Victory Capital Management Inc. and Skyline Asset Management LP. View Insider Buying and Selling for Welbilt.

WBT stock was bought by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Champlain Investment Partners LLC, Capital International Investors, Sarasin & Partners LLP, Spark Investment Management LLC, Madison Asset Management LLC, FIL Ltd and Standard Life Aberdeen plc. Company insiders that have bought Welbilt stock in the last two years include Haresh Shah, Richard James Sheffer and William Johnson. View Insider Buying and Selling 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 $13.22.

Welbilt has a market capitalization of $1.87 billion and generates $1.59 billion in revenue each year. The industrial products company earns $78.20 million in net income (profit) each year or $0.68 on an earnings per share basis. Welbilt employs 5,500 workers across the globe.View Additional Information About Welbilt.

The official website for Welbilt is http://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]