Media stories about Welbilt (NYSE:WBT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Welbilt earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.5701392278401 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Welbilt (WBT) Coverage Initiated by Analysts at Barclays (americanbankingnews.com)
- Weigh On Beatable Move: Expedia, Inc. (NASDAQ:EXPE), Welbilt, Inc. (NYSE:WBT) – Investing News Update (investingbizz.com)
- Stocks Trending Alert: SINA Corporation, (NASDAQ: SINA), The AES … – Stocks In The News (press release) (tradingnewsnow.com)
- $383.48 Million in Sales Expected for Welbilt Inc (WBT) This Quarter (americanbankingnews.com)
- Notable Traders Recap: WPCS International Incorporated, (NASDAQ: WPCS), Whiting Petroleum Corporation, (NYSE … – Stocks In The News (press release) (tradingnewsnow.com)
Shares of Welbilt (NYSE WBT) remained flat at $$22.29 during trading on Tuesday. The stock had a trading volume of 575,752 shares, compared to its average volume of 791,402. The firm has a market cap of $3,110.00 and a price-to-earnings ratio of 32.25. Welbilt has a 52-week low of $17.55 and a 52-week high of $23.46. The company has a quick ratio of 0.79, a current ratio of 1.35 and a debt-to-equity ratio of 29.38.
Welbilt (NYSE:WBT) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $380.40 million during the quarter, compared to analyst estimates of $387.05 million. Welbilt had a negative return on equity of 2,645.52% and a net margin of 6.14%. The company’s quarterly revenue was down .9% compared to the same quarter last year. analysts expect that Welbilt will post 0.78 earnings per share for the current year.
Several equities research analysts have commented on WBT shares. Robert W. Baird set a $22.00 price target on shares of Welbilt and gave the company a “buy” rating in a report on Thursday, August 24th. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price target on shares of Welbilt in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Welbilt from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Longbow Research started coverage on shares of Welbilt in a research report on Tuesday, October 10th. They issued a “neutral” rating for the company. Finally, Dougherty & Co reiterated a “neutral” rating on shares of Welbilt in a research report on Thursday, August 17th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Welbilt presently has a consensus rating of “Hold” and a consensus price target of $22.33.
Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.
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