Welbilt (WBT) Given News Impact Score of 0.13

News coverage about Welbilt (NYSE:WBT) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Welbilt earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.9729053510972 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

WBT opened at $21.91 on Tuesday. Welbilt has a 12 month low of $18.34 and a 12 month high of $23.77. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.97 and a current ratio of 1.61. The company has a market capitalization of $3.07 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32.

Welbilt (NYSE:WBT) last posted its earnings results on Monday, May 7th. The industrial products company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.11 by $0.04. Welbilt had a return on equity of 161.21% and a net margin of 9.64%. The firm had revenue of $350.40 million for the quarter, compared to analysts’ expectations of $329.86 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. research analysts expect that Welbilt will post 0.89 earnings per share for the current fiscal year.

A number of research analysts recently commented on WBT shares. Seaport Global Securities reissued a “buy” rating on shares of Welbilt in a report on Tuesday, February 27th. Susquehanna Bancshares set a $24.00 price objective on Welbilt and gave the company a “buy” rating in a research note on Tuesday, February 27th. Longbow Research upgraded Welbilt from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 18th. Buckingham Research began coverage on Welbilt in a research note on Thursday, May 24th. They set a “buy” rating and a $24.00 price objective on the stock. Finally, Zacks Investment Research upgraded Welbilt from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Saturday, May 12th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Welbilt has an average rating of “Buy” and an average target price of $23.43.

In related news, SVP Joel H. Horn sold 1,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 7th. The stock was sold at an average price of $21.05, for a total value of $40,373.90. Following the sale, the senior vice president now directly owns 2,375 shares in the company, valued at approximately $49,993.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is owned by company insiders.

About Welbilt

Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.

Insider Buying and Selling by Quarter for Welbilt (NYSE:WBT)

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