Robert W. Baird analyst Mircea Dobre reiterated a Hold rating on Welbilt (NYSE:WBT) Inc on Tuesday, setting a price target of $24, which is approximately 3.85% above the present share price of $23.11.
Dobre expects Welbilt Inc to post earnings per share (EPS) of $0.06 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Welbilt, with an average price target of $24.33.
The analysts price targets range from a high of $25 to a low of $24.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $316.8 million and a net profit of $31.7 million. The company's market cap is $3.28 billion.
According to TipRanks.com, Robert W. Baird analyst Mircea Dobre is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.2% and a 65.27% success rate.
Welbilt, Inc. engages in the provision of foodservice equipment. It designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market. It operates through following geographic segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America. The EMEA segment is made up of markets in Europe, including Russia and the Commonwealth of Independent States, Middle East and Africa. The APAC segment is comprises of markets in China, Australia, Japan, Philippines, South Korea, Singapore, Indonesia, Taiwan, Hong Kong, Thailand, Malaysia, and New Zealand. The company was founded in 1873 and is headquartered in New Port Richey, FL.