BidaskScore Finally Downgrades Welbilt (NYSE:WBT)

Welbilt (NYSE:WBT) Receives a Downgrade

In a research report sent to clients and investors on Friday, 15 March, BidaskScore has just downgraded their rating for Welbilt (NYSE:WBT) shares to a Buy.

The stock increased 1.09% or $0.17 during the last trading session, reaching $15.7. About 1.75M shares traded or 21.94% up from the average. Welbilt, Inc. (NYSE:WBT) has declined 18.21% since March 16, 2018 and is downtrending. It has underperformed by 22.58% the S&P500.

Analysts await Welbilt, Inc. (NYSE:WBT) to report earnings on May, 6. They expect $0.09 EPS, down 40.00 % or $0.06 from last year’s $0.15 per share. WBT’s profit will be $12.66 million for 43.61 P/E if the $0.09 EPS becomes a reality. After $0.18 actual EPS reported by Welbilt, Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

Welbilt, Inc. designs, manufactures, and services hot and cold category commercial foodservice equipment worldwide. The company has market cap of $2.21 billion. The firm offers commercial upright and undercounter refrigerators and freezers, blast freezers, blast chillers, cook-chill systems, modular and fully assembled walk-in refrigerators, coolers and freezers, and prefabricated cooler and freezer panels. It has a 28.55 P/E ratio. It also provides ranges, griddles, grills, combi ovens, convection ovens, conveyor ovens, induction cookers, broilers, tilt fry pans/kettles/skillets, braising pans, cheese melters/salamanders, cook stations, table top and countertop cooking/frying systems, fryers, steam jacketed kettles, and steamers.

More notable recent Welbilt, Inc. (NYSE:WBT) news were published by: Benzinga.com which released: “KeyBanc Believes Welbilt 2019 Guidance May Prove Conservative (NYSE:WBT) – Benzinga” on February 20, 2019, also Seekingalpha.com with their article: “Welbilt, Inc. (WBT) CEO Hubertus Muehlhaeuser on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” published on August 12, 2018, Fool.com published: “Why Middleby Stock Rose 14.5% in January – Motley Fool” on February 11, 2019. More interesting news about Welbilt, Inc. (NYSE:WBT) were released by: Globenewswire.com and their article: “Report: Developing Opportunities within Abbott Laboratories, American Express, Welbilt, Cinemark, Barnes Group, and Nevsun Resources — Future Expectations, Projections Moving into 2019 – GlobeNewswire” published on February 27, 2019 as well as Businesswire.com‘s news article titled: “Robbins Arroyo LLP: Welbilt, Inc. (WBT) Misled Shareholders According to Class Action – Business Wire” with publication date: November 14, 2018.

Welbilt, Inc. (NYSE:WBT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.