News headlines about Manitowoc Food Service (NYSE:WBT) have been trending somewhat positive on Monday, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Manitowoc Food Service earned a news impact score of 0.10 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.7192129239428 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
WBT has been the topic of a number of recent research reports. Zacks Investment Research raised Manitowoc Food Service from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Saturday, August 12th. Robert W. Baird set a $22.00 price objective on Manitowoc Food Service and gave the stock a “buy” rating in a research note on Thursday, August 24th. Finally, Dougherty & Co reaffirmed a “neutral” rating on shares of Manitowoc Food Service in a research note on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $21.40.
Shares of Manitowoc Food Service (NYSE WBT) opened at 20.00 on Monday. The company’s 50-day moving average price is $19.64 and its 200 day moving average price is $19.46. Manitowoc Food Service has a one year low of $14.93 and a one year high of $21.13. The company has a market cap of $2.78 billion, a P/E ratio of 34.54 and a beta of 2.22.
Manitowoc Food Service (NYSE:WBT) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Manitowoc Food Service had a negative return on equity of 280.03% and a net margin of 5.57%. The firm had revenue of $371.10 million during the quarter, compared to analyst estimates of $367.28 million. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities research analysts anticipate that Manitowoc Food Service will post $0.78 earnings per share for the current year.
WARNING: “Somewhat Positive Media Coverage Somewhat Unlikely to Affect Manitowoc Food Service (WBT) Share Price” was first published by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://www.themarketsdaily.com/2017/09/11/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-manitowoc-food-service-wbt-share-price.html.
In related news, Director Brian R. Gamache purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were bought at an average cost of $19.68 per share, with a total value of $196,800.00. Following the transaction, the director now owns 14,776 shares of the company’s stock, valued at $290,791.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joel H. Horn sold 1,561 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $19.23, for a total value of $30,018.03. Following the sale, the senior vice president now directly owns 3,515 shares in the company, valued at $67,593.45. The disclosure for this sale can be found here. 0.67% of the stock is owned by corporate insiders.
Manitowoc Food Service Company Profile
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.
Receive News & Ratings for Manitowoc Food Service Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Food Service Inc. and related companies with MarketBeat.com's FREE daily email newsletter.