Welbilt Stock Forecast, Price & News

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Welbilt stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WBT, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Welbilt a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Welbilt wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Welbilt saw a increase in short interest in the month of May. As of May 14th, there was short interest totaling 6,200,000 shares, an increase of 27.3% from the April 29th total of 4,870,000 shares. Based on an average trading volume of 3,330,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 4.4% of the company's stock are short sold.
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Welbilt is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Welbilt.

Welbilt, Inc (NYSE:WBT) issued its quarterly earnings data on Thursday, May, 6th. The industrial products company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.05. The industrial products company had revenue of $316.80 million for the quarter, compared to the consensus estimate of $287.77 million. Welbilt had a trailing twelve-month return on equity of 13.46% and a net margin of 1.37%. The firm's quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.01 earnings per share.
View Welbilt's earnings history.

Welbilt's stock was trading at $8.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, WBT stock has increased by 181.4% and is now trading at $23.86.
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7 equities research analysts have issued 12-month target prices for Welbilt's stock. Their forecasts range from $8.00 to $26.00. On average, they anticipate Welbilt's share price to reach $20.14 in the next year. This suggests that the stock has a possible downside of 15.6%.
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Some companies that are related to Welbilt include The Middleby (MIDD), Hayward (HAYW), 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 investors include BlackRock Inc. (7.41%), Alliancebernstein L.P. (5.43%), JPMorgan Chase & Co. (3.92%), Ninety One UK Ltd (3.09%), Vaughan Nelson Investment Management L.P. (2.92%) and Nordea Investment Management AB (2.54%). Company insiders that own Welbilt stock include Jennifer Gudenkauf and William Johnson.
View institutional ownership trends for Welbilt.

WBT stock was sold by a variety of institutional investors in the last quarter, including Gates Capital Management Inc., Nordea Investment Management AB, Earnest Partners LLC, Vaughan Nelson Investment Management L.P., Sarasin & Partners LLP, Goldman Sachs Group Inc., Wedge Capital Management L L P NC, and Northern Trust Corp.
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WBT stock was acquired by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., BlackRock Inc., Arrowstreet Capital Limited Partnership, Federated Hermes Inc., Renaissance Technologies LLC, Edgestream Partners L.P., Alyeska Investment Group L.P., and D. E. Shaw & Co. Inc.. 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.
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One share of WBT stock can currently be purchased for approximately $23.86.

Welbilt has a market capitalization of $3.39 billion and generates $1.15 billion in revenue each year. The industrial products company earns $-7,400,000.00 in net income (profit) each year or $0.16 on an earnings per share basis.

Welbilt employs 4,400 workers across the globe.

The official website for Welbilt is www.manitowocfoodservice.com.

Welbilt is headquartered at 2227 WELBILT BOULEVARD, NEW PORT RICHEY FL, 34655.

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]