NYSE:WBTWelbilt Stock Price, Forecast & News

Welbilt's stock was trading at $8.48 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, WBT stock has decreased by 46.8% and is now trading at $4.51. 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) posted its quarterly earnings results on Tuesday, February, 25th. The industrial products company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The industrial products company had revenue of $381.80 million for the quarter, compared to analyst estimates of $400.51 million. Welbilt had a return on equity of 43.49% and a net margin of 3.51%. The business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 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 (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 brokerages have issued twelve-month target prices for Welbilt's stock. Their forecasts range from $6.50 to $20.00. On average, they expect Welbilt's stock price to reach $13.50 in the next twelve months. This suggests a possible upside of 199.3% from the stock's current price. View analysts' price targets for Welbilt.

News headlines about WBT stock have trended very negative on Wednesday, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Welbilt earned a media sentiment score of -3.3 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View the latest news aboutWelbilt.

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

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), Coty (COTY), Pure Storage (PSTG), Advanced Micro Devices (AMD), Caterpillar (CAT), Ford Motor (F) and Visa (V).

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 Skyline Asset Management LP (0.33%). 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 bought by a variety of institutional investors in the last quarter, including Skyline Asset Management LP. 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 $4.51.

Welbilt has a market capitalization of $638.07 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]