Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.
Industry, Sector and Symbol
Industry Refrigeration & service industry machinery
Sub-IndustryN/A
SectorIndustrial Products
Phone727-375-7010
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.59 billion
Profitability
Miscellaneous
Employees5,500
Next Earnings Date2/25/2020 (Confirmed)
OptionableOptionable
Welbilt (NYSE:WBT) Frequently Asked Questions
What is Welbilt's stock symbol?
Welbilt trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBT."
How were Welbilt's earnings last quarter?
Welbilt, Inc (NYSE:WBT) announced its quarterly earnings data on Tuesday, November, 5th. The industrial products company reported $0.22 EPS for the quarter, missing the Zacks' consensus estimate of $0.25 by $0.03. The industrial products company had revenue of $410.50 million for the quarter, compared to analysts' expectations of $423.03 million. Welbilt had a return on equity of 46.20% and a net margin of 3.82%. The firm's quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. View Welbilt's Earnings History.
When is Welbilt's next earnings date?
How can I listen to Welbilt's earnings call?
Welbilt will be holding an earnings conference call on Tuesday, February 25th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
What price target have analysts set for WBT?
5 analysts have issued 1-year price objectives for Welbilt's stock. Their forecasts range from $16.00 to $20.00. On average, they anticipate Welbilt's share price to reach $18.40 in the next twelve months. This suggests a possible upside of 35.0% from the stock's current price. View Analyst Price Targets for Welbilt.
What is the consensus analysts' recommendation for Welbilt?
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.
What are Wall Street analysts saying about Welbilt stock?
Here are some recent quotes from research analysts about Welbilt stock:
- 1. According to Zacks Investment Research, "Welbilt, Inc. designs, manufactures and supplies food and beverage equipment for foodservice market. It operates primarily in Americas, Europe and Asia. The company brands includes Cleveland(TM), Convotherm(R), Delfield(R), fitkitchen(SM), Frymaster(R), Garland(R), Kolpak(R), Lincoln(TM), Manitowoc Ice(R), Merco(R), Merrychef(R) and Multiplex(R). Welbilt Inc., formerly known as Manitowoc Foodservice Inc., is based in New Port Richey, United States. " (2/18/2020)
- 2. Barclays PLC analysts commented, "We remain OW as we see WBT as a more defensive longer-term name to own in the space through the cycle. Organic growth aids WBT’s push for margin expansion (positive price realization, capacity utilization), leading to higher FCF generation and debt reduction. WBT is targeting being at 4x leverage by the end of the year, but the hope is it could be a fraction lower. The company continues to focus automated technology and the connected kitchen, a continuation of their previous strategy and a trend we believe will dictate the next cycle in food equipment replacement." (2/20/2019)
Has Welbilt been receiving favorable news coverage?
News coverage about WBT stock has trended negative on Thursday, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Welbilt earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned news articles about the industrial products company a news buzz of 9.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future. View News Stories for Welbilt.
Are investors shorting Welbilt?
Welbilt saw a decline in short interest during the month of January. As of January 31st, there was short interest totalling 12,670,000 shares, a decline of 5.1% from the January 15th total of 13,350,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is presently 10.6 days. Approximately 9.0% of the company's stock are short sold. View Welbilt's Current Options Chain.
Who are some of Welbilt's key competitors?
What other stocks do shareholders of Welbilt own?
Who are Welbilt's key executives?
Welbilt's management team includes the folowing people:
- Mr. Hubertus M. Muehlhaeuser, Pres, CEO & Director (Age 48)
- Mr. Haresh Shah, Sr. VP & CFO (Age 49)
- Mr. Josef Matosevic, Sr. VP & COO (Age 47)
- Mr. Andreas Georg Weishaar, Sr. VP of Strategy, Marketing & Digital (Age 45)
- Mr. Richard N. Caron, Sr. VP of Innovation (Age 61)
Who are Welbilt's major shareholders?
Welbilt's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.
Which institutional investors are selling Welbilt stock?
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. Company insiders that have sold Welbilt company stock in the last year include Haresh Shah, Jamie E Palm, Joel H Horn, Josef Matosevic, Richard James Sheffer and Richard N Caron. View Insider Buying and Selling for Welbilt.
Which institutional investors are buying Welbilt stock?
WBT stock was purchased 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.
How do I buy shares of 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.
What is Welbilt's stock price today?
One share of WBT stock can currently be purchased for approximately $13.63.
How big of a company is Welbilt?
Welbilt has a market capitalization of $1.92 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 $0.78 on an earnings per share basis. Welbilt employs 5,500 workers across the globe.View Additional Information About Welbilt.
What is Welbilt's official website?
How can I contact Welbilt?
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]
MarketBeat Community Rating for Welbilt (NYSE WBT)
MarketBeat's community ratings are surveys of what our community members think about Welbilt and other stocks. Vote "Outperform" if you believe WBT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WBT will underperform the S&P 500 over the long term. You may vote once every thirty days.
