NYSE:WBTWelbilt Stock Price, Forecast & News

Welbilt's stock was trading at $8.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). 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) released its quarterly earnings data on Tuesday, May, 5th. The industrial products company reported $0.01 earnings per share for the quarter, hitting the Zacks' consensus estimate of $0.01. The industrial products company had revenue of $328.90 million for the quarter, compared to the consensus estimate of $323.10 million. Welbilt had a net margin of 2.80% and a return on equity of 39.54%. The firm's revenue for the quarter was down 12.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 EPS. View Welbilt's earnings history.

Welbilt updated its first quarter 2020 IntraDay earnings guidance on Monday, April, 6th. The company provided earnings per share 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 Wall Street analysts have issued 1 year 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 $13.80 in the next year. This suggests a possible upside of 140.4% from the stock's current price. View analysts' price targets for Welbilt.

News articles about WBT stock have trended negative on Sunday, InfoTrie Sentiment reports. The research firm rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Welbilt earned a news impact score of -2.4 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Welbilt.

Welbilt saw a drop in short interest in June. As of June 15th, there was short interest totaling 8,610,000 shares, a drop of 16.3% from the May 31st total of 10,290,000 shares. Based on an average daily volume of 2,760,000 shares, the days-to-cover ratio is currently 3.1 days. Currently, 6.1% 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). 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 $812.21 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]