Welbilt Stock Forecast, Price & News

Welbilt's stock was trading at $8.48 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WBT shares have decreased by 27.9% and is now trading at $6.11.
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6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 3 hold ratings and 3 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) released its earnings results on Tuesday, August, 4th. The industrial products company reported ($0.07) earnings per share for the quarter, topping analysts' consensus estimates of ($0.13) by $0.06. The industrial products company had revenue of $206 million for the quarter, compared to analyst estimates of $205.09 million. Welbilt had a return on equity of 21.76% and a net margin of 0.45%. The firm's quarterly revenue was down 51.7% compared to the same quarter last year. During the same period last year, the company posted $0.22 earnings per share.
View Welbilt's earnings history.

Welbilt issued an update on its third quarter 2020 Pre-Market earnings guidance on Tuesday, August, 4th. The company provided 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.

6 Wall Street analysts have issued 12 month target prices for Welbilt's shares. Their forecasts range from $8.00 to $20.00. On average, they expect Welbilt's share price to reach $12.83 in the next twelve months. This suggests a possible upside of 110.0% from the stock's current price.
View analysts' price targets for Welbilt.

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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include Manitowoc (MTW), WPX Energy (WPX), Progenics Pharmaceuticals (PGNX), Carnival (CCL), Coty (COTY), United Continental (UAL), Visa (V), Royal Caribbean Cruises (RCL), salesforce.com (CRM) and Designer Brands (DBI).

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

Welbilt's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.26%), Nordea Investment Management AB (5.12%), Ninety One UK Ltd (3.60%), FMR LLC (1.36%), Sarasin & Partners LLP (1.33%) and Neuberger Berman Group LLC (1.15%). 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 FMR LLC, Nuveen Asset Management LLC, New York State Common Retirement Fund, Ninety One UK Ltd, Russell Investments Group Ltd., Marshall Wace LLP, Spark Investment Management LLC, and Vanguard Group Inc..
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WBT stock was bought by a variety of institutional investors in the last quarter, including Nordea Investment Management AB, ArrowMark Colorado Holdings LLC, Skyline Asset Management LP, Federated Hermes Inc., WINTON GROUP Ltd, CWM LLC, Q Global Advisors LLC, and Charles Schwab Investment 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.
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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 $6.11.

Welbilt has a market capitalization of $864.64 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]