NYSE:WBT - Welbilt Stock Price, Forecast & News

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

Welbilt, Inc (NYSE:WBT) issued its quarterly earnings results on Tuesday, February, 25th. The industrial products company reported $0.19 EPS for the quarter, topping 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 45.66%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. View Welbilt's Earnings History.

Welbilt is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Welbilt.

Welbilt updated its FY20 earnings guidance on Tuesday, February, 25th. The company provided EPS guidance of $0.68-0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.83. The company issued revenue guidance of (2%) to 1% to $1.56-1.61 billion, compared to the consensus revenue estimate of $1.64 billion.

4 Wall Street analysts have issued 1 year price targets for Welbilt's shares. Their forecasts range from $14.00 to $20.00. On average, they expect Welbilt's stock price to reach $18.00 in the next twelve months. This suggests a possible upside of 38.8% from the stock's current price. View Analyst Price Targets for Welbilt.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Welbilt in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Welbilt.

News articles about WBT stock have trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Welbilt earned a daily sentiment score of -3.2 on InfoTrie's scale. They also assigned media coverage about the industrial products company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near term. View News Stories for Welbilt.

Welbilt saw a decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,670,000 shares, a decrease of 5.1% from the January 15th total of 13,350,000 shares. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 10.6 days. Currently, 9.0% of the shares of the company 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).

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), Vonage (VG), Telecom plus (TEP), People's United Financial (PBCT), Caterpillar (CAT) and Coty (COTY).

Welbilt's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Champlain Investment Partners LLC (5.60%), Investec Asset Management LTD (3.63%), FMR LLC (2.64%), Earnest Partners LLC (2.48%), State Street Corp (1.94%) and Standard Life Aberdeen plc (1.60%). Company insiders that own Welbilt stock include Haresh Shah, Jamie E Palm, 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 for Welbilt.

WBT stock was purchased by a variety of institutional investors in the last quarter, including Investec Asset Management LTD, Champlain Investment Partners LLC, Capital International Investors, Sarasin & Partners LLP, Spark Investment Management LLC, Madison Asset Management LLC, FIL Ltd and Standard Life Aberdeen plc. Company insiders that have bought Welbilt stock in the last two years include Haresh Shah, Richard James Sheffer and William Johnson. View Insider Buying and Selling 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 $12.97.

Welbilt has a market capitalization of $1.83 billion and generates $1.59 billion in revenue each year. The industrial products company earns $78.20 million in net income (profit) each year or $0.68 on an earnings per share basis. Welbilt employs 5,500 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]