NYSE:WBT - Welbilt 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. Since then, WBT shares have decreased by 44.5% and is now trading at $4.71. View which stocks have been mosted 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, May 5th 2020. View our earnings forecast for Welbilt.

Welbilt, Inc (NYSE:WBT) announced its quarterly earnings results on Tuesday, February, 25th. The industrial products company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The industrial products company earned $381.80 million during the quarter, compared to analyst estimates of $400.51 million. Welbilt had a net margin of 3.51% and a return on equity of 43.49%. Welbilt's quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. View Welbilt's earnings history.

Welbilt issued an update on its first quarter 2020 Pre-Market earnings guidance on Friday, March, 20th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $319.005-337.77 million, compared to the consensus revenue estimate of $343.52 million.

5 Wall Street analysts have issued twelve-month target prices for Welbilt's stock. Their forecasts range from $6.50 to $20.00. On average, they anticipate Welbilt's stock price to reach $13.50 in the next twelve months. This suggests a possible upside of 186.6% from the stock's current price. View analysts' price targets for Welbilt.

Media coverage about WBT stock has trended somewhat negative recently, according to InfoTrie. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Welbilt earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave headlines 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 effect on the company's share price in the immediate future. View the latest news aboutWelbilt.

Welbilt saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 8,960,900 shares, a decrease of 12.8% from the February 27th total of 10,280,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 7.5 days. Approximately 6.4% of the shares of the 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).

Based on aggregate information from My MarketBeat watchlists, some companies that other Welbilt investors own include Manitowoc (MTW), Progenics Pharmaceuticals (PGNX), WPX Energy (WPX), Energy Transfer LP Unit (ET), Pure Storage (PSTG), Caterpillar (CAT), Coty (COTY), Visa (V), Vonage (VG) and Telecom plus (TEP).

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

Welbilt's stock is owned by many different institutional and retail investors. Top institutional shareholders include Nuveen Asset Management LLC (5.65%), Champlain Investment Partners LLC (5.60%), Investec Asset Management LTD (3.63%), FMR LLC (2.64%), Earnest Partners LLC (2.48%) and State Street Corp (1.94%). 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 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. View insider buying and selling activity for Welbilt.

WBT stock was acquired by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Nuveen Asset Management LLC, Champlain Investment Partners LLC, Capital International Investors, Norges Bank, Sarasin & Partners LLP, Spark Investment Management LLC, and Madison Asset Management LLC. Company insiders that have bought Welbilt stock in the last two years include Haresh Shah, Jennifer Gudenkauf, Richard James Sheffer, and William Johnson. View insider buying and selling activity for 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.

One share of WBT stock can currently be purchased for approximately $4.71.

Welbilt has a market capitalization of $666.37 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. View additional information about Welbilt.

The official website for Welbilt is http://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]