NYSE:WBTWelbilt Stock Price, Forecast & News

Welbilt's stock was trading at $8.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, WBT shares have decreased by 32.3% and is now trading at $5.74. 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) issued its quarterly earnings results 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 the consensus estimate of $323.10 million. Welbilt had a return on equity of 39.54% and a net margin of 2.80%. The business's revenue for the quarter was down 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. View Welbilt's earnings history.

Welbilt issued an update on 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 equities research analysts have issued 12 month price targets for Welbilt's shares. Their forecasts range from $8.00 to $20.00. On average, they anticipate Welbilt's stock price to reach $13.80 in the next twelve months. This suggests a possible upside of 140.4% from the stock's current price. View analysts' price targets for Welbilt.

Media coverage about WBT stock has been trending negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Welbilt earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned media headlines about the industrial products company a news buzz of 7.0 out of 10, indicating that recent news coverage is likely to have an effect on the stock's share price in the next several days. View the latest news about Welbilt.

Welbilt saw a decrease in short interest in the month of June. As of June 15th, there was short interest totaling 8,610,000 shares, a decrease of 16.3% from the May 31st total of 10,290,000 shares. Based on an average trading volume of 2,760,000 shares, the days-to-cover ratio is currently 3.1 days. Approximately 6.1% of the company's stock are sold short. 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."

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 $5.74.

Welbilt has a market capitalization of $812.20 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]