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Welbilt, Inc. (WBT)

NYSE: WBT · IEX Real-Time Price · USD
23.65 -0.01 (-0.04%)
Oct 22, 2021 4:00 PM EDT - Market closed
Market Cap3.36B
Revenue (ttm)1.33B
Net Income (ttm)56.70M
Shares Out141.92M
EPS (ttm)0.40
PE Ratio59.13
Forward PE29.94
Dividendn/a
Ex-Dividend Daten/a
Volume703,708
Open23.68
Previous Close23.66
Day's Range23.64 - 23.69
52-Week Range5.85 - 25.19
Beta2.39
AnalystsBuy
Price Target24.40 (+3.2%)
Est. Earnings DateNov 2, 2021

About WBT

Welbilt, Inc., designs, manufactures, and supplies foodservice equipment for commercial foodservice market worldwide. The company offers commercial upright and undercounter refrigerators and freezers, blast freezers and chillers, and cook-chill systems under the Delfield brand; and walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels under the Kolpak brand. It also provides traditional, combination, convection, conveyor, and rapid-cooking ovens, and range and grill products under the Convotherm, Garland, Linc...

IndustryMachinery
Founded1902
CEOWilliam Johnson
Employees4,400
Stock ExchangeNYSE
Ticker SymbolWBT
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for Welbilt stock is "Buy." The 12-month stock price forecast is 24.40, which is an increase of 3.17% from the latest price.

Price Target
$24.40
(3.17% upside)
Analyst Consensus: Buy

News

Welbilt (WBT) Progresses on Merger Agreement with Ali Group

Welbilt (WBT) receives shareholders' nod for its merger with the Ali Group. Also, the parties decide to divest Welbilt's Manitowoc Ice brand to satisfy the concerns of the U.S. Department of Justice.

2 weeks ago - Zacks Investment Research

Welbilt Provides Update on Acquisition by Ali Group

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT) announced that the proposal to adopt and approve the Merger Agreement with Ali Holding S.r.l., Ali Group North America Corporation and As...

3 weeks ago - Business Wire

SHAREHOLDER ALERT: WeissLaw LLP Reminds ICBK, STMP, SC, and WBT Shareholders About Its Ongoing Investigations

NEW YORK, Sept. 20, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights o...

Other symbols:ICBKSCSTMP
1 month ago - PRNewsWire

Welbilt Announces the Passing of Executive Vice President and Chief Innovation Officer Richard N. “Rick” Caron

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that Richard N. “Rick” Caron, Executive Vice President and Chief Innovation Officer, passed away on September 2nd follow...

1 month ago - Business Wire

Welbilt, Apex Order Pickup Solutions Launch OrderHQ Lockers

Welbilt Inc. (NYSE: WBT) and Apex Order Pickup Solutions launched the smart locker series, OrderHQ. OrderHQ integrates existing point of sale and other back-of-house management systems for restaurants t...

1 month ago - Benzinga

Demand for Efficient Order Handoff Inspires OrderHQ™ Lockers

MASON, Ohio, Sept. 1, 2021 /PRNewswire/ -- Apex Order Pickup Solutions, a leading global provider of self-serve automated pickup solutions for use in foodservice, retail and b-to-b ecommerce, and Welbil...

1 month ago - PRNewsWire

Welbilt (WBT) Tops Q2 Earnings and Revenue Estimates

Welbilt (WBT) delivered earnings and revenue surprises of 83.33% and 15.88%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Welbilt Reports 2021 Second Quarter Operating Results

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), today announced financial results for its 2021 second quarter. 2021 Second Quarter Highlights (1) Net sales were $395.6 million, an incr...

2 months ago - Business Wire

Welbilt (WBT) Earnings Expected to Grow: Should You Buy?

Welbilt (WBT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

Welbilt Announces Details for 2021 Second Quarter Earnings Call and Webcast

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE:WBT), announced today that it will host a live conference call to share prepared comments related to its 2021 second quarter earnings on Tuesd...

2 months ago - Business Wire

Middleby (MIDD) and Welbilt Terminate Merger Agreement

Middleby (MIDD) receives a termination fee of $110 million in cash from Welbilt as their merger agreement gets terminated.

Other symbols:MIDD
3 months ago - Zacks Investment Research

Ali Group and Welbilt Announce Definitive Merger Agreement

CHICAGO & NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, and Welbilt, Inc. (NYSE:...

3 months ago - Business Wire

Why Welbilt Shares Fell Today

Shares of Welbilt Inc (NYSE: WBT) are trading lower after Middleby (NASDAQ: MIDD) announced it will not increase its offer for a potential acquisition of the company. In accordance with the terms of the...

3 months ago - Benzinga

Welbilt Board Determines That Revised Proposal From Ali Group Is a “Company Superior Proposal”

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt (NYSE:WBT) today announced that the Welbilt Board of Directors, in consultation with its legal and financial advisors, has determined that the revised uns...

Other symbols:MIDD
3 months ago - Business Wire

Welbilt Confirms Receipt of Revised Proposal From Ali Group

NEW PORT RICHEY, Fla.--(BUSINESS WIRE)--Welbilt, Inc. (NYSE: WBT) today confirmed that it has received a revised unsolicited proposal (the “Revised Unsolicited Proposal”) from Ali Holding S.r.l. to acqu...

3 months ago - Business Wire

Ali Group Submits Binding All-Cash Proposal to Acquire Welbilt for $24.00 Per Share

CHICAGO--(BUSINESS WIRE)--Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, today confirmed that it has submitted a definiti...

3 months ago - Business Wire

Welbilt's (WBT) Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in Welbilt, Inc. (WBT).

4 months ago - Zacks Investment Research

Welbilt (WBT) Moves 24.1% Higher: Will This Strength Last?

Welbilt (WBT) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down ...

4 months ago - Zacks Investment Research

Middleby Comments on Ali Group's Unsolicited and Non-Binding Indication of Interest to Acquire Welbilt

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today reiterated its commitment to completing its proposed merger with Welbilt, Inc. (NYSE: WBT), in face of the unsolicited and non...

Other symbols:MIDD
4 months ago - Business Wire

Why Welbilt Stock Popped 24% Friday

The company may soon be the subject of a bidding war.

4 months ago - The Motley Fool

Ali Group Confirms Proposal to Acquire Welbilt

CHICAGO--(BUSINESS WIRE)--In response to media reports, Ali Holding S.r.l. (“Ali Group”), one of the largest and most diversified global leaders in the foodservice equipment industry, today confirmed th...

4 months ago - Business Wire

Why Welbilt Shares Are Trading Higher Today

Welbilt (NYSE: WBT) shares are trading higher following a report competitor Ali Group has made a $23/share cash bid for the company. The WSJ reported Welbilt, which previously agreed to be acquired by M...

4 months ago - Benzinga

SHAREHOLDER INVESTIGATION: Halper Sadeh LLP Investigates WBT, PFBI, MDP, PEBO; Shareholders are Encouraged to Contact...

NEW YORK, May 13, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Welbilt, Inc. (NYSE: WBT) concerning potential violatio...

Other symbols:MDPPEBO
5 months ago - PRNewsWire

Welbilt (WBT) Tops Q1 Earnings and Revenue Estimates

Welbilt (WBT) delivered earnings and revenue surprises of 166.67% and 9.57%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

Recap: Welbilt Q1 Earnings

Shares of Welbilt (NYSE:WBT) rose 0.2% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 700.00% year over year to $0.08, which beat the estimate of ...

5 months ago - Benzinga