Manitowoc Foodservice Inc. (NYSE:MFS) – Seaport Global Securities issued their FY2016 earnings per share estimates for Manitowoc Foodservice in a research report issued on Wednesday. Seaport Global Securities analyst W. Liptak forecasts that the brokerage will post earnings per share of $0.64 for the year. Seaport Global Securities has a “Buy” rating and a $22.00 price objective on the stock. Seaport Global Securities also issued estimates for Manitowoc Foodservice’s Q4 2016 earnings at $0.17 EPS, Q1 2017 earnings at $0.07 EPS, Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.27 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $0.86 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.32 EPS and FY2018 earnings at $1.06 EPS.

A number of other analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of Manitowoc Foodservice from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th. Barclays PLC raised their price target on shares of Manitowoc Foodservice from $13.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, August 15th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. Manitowoc Foodservice presently has a consensus rating of “Hold” and an average target price of $17.75.

Earnings History and Estimates for Manitowoc Foodservice (NYSE:MFS)

Shares of Manitowoc Foodservice (NYSE:MFS) traded down 1.79% during mid-day trading on Friday, hitting $17.53. The company had a trading volume of 208,075 shares. Manitowoc Foodservice has a 52-week low of $13.20 and a 52-week high of $18.94. The firm has a market capitalization of $2.43 billion and a price-to-earnings ratio of 19.63. The firm has a 50-day moving average price of $16.34 and a 200 day moving average price of $16.66.

Manitowoc Foodservice (NYSE:MFS) last announced its quarterly earnings results on Monday, November 7th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.03. The firm earned $384 million during the quarter, compared to analyst estimates of $386.60 million. Manitowoc Foodservice had a return on equity of 57.49% and a net margin of 8.38%. The company’s revenue was down 9.6% compared to the same quarter last year.

Several institutional investors have recently bought and sold shares of MFS. Scout Investments Inc. bought a new position in Manitowoc Foodservice during the third quarter worth $212,000. Price T Rowe Associates Inc. MD boosted its position in Manitowoc Foodservice by 50.8% in the third quarter. Price T Rowe Associates Inc. MD now owns 4,842,017 shares of the company’s stock worth $78,538,000 after buying an additional 1,630,500 shares during the last quarter. LPL Financial LLC boosted its position in Manitowoc Foodservice by 19.5% in the third quarter. LPL Financial LLC now owns 30,621 shares of the company’s stock worth $495,000 after buying an additional 4,988 shares during the last quarter. Credit Suisse AG boosted its position in Manitowoc Foodservice by 5.7% in the third quarter. Credit Suisse AG now owns 88,409 shares of the company’s stock worth $1,434,000 after buying an additional 4,744 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in Manitowoc Foodservice by 8.7% in the third quarter. Bamco Inc. NY now owns 1,250,000 shares of the company’s stock worth $20,275,000 after buying an additional 100,000 shares during the last quarter. 81.39% of the stock is owned by hedge funds and other institutional investors.

Manitowoc Foodservice Company Profile

Manitowoc Foodservice, Inc is a commercial foodservice equipment company. The Company designs, manufactures and services an integrated portfolio of hot and cold category products. The Company operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America.

5 Day Chart for NYSE:MFS

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