Manitowoc Food Service Company Profile (NYSE:WBT)

About Manitowoc Food Service (NYSE:WBT)

Manitowoc Food Service logoWelbilt, 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. It operates through three segments: Americas, EMEA and APAC. The Americas segment includes the United States, Canada and Latin America. The EMEA segment consists of markets in Europe, Middle East and Africa, including Russia and the commonwealth of independent states. The APAC segment consists of markets in China, Singapore, Australia, India, Malaysia, Indonesia, Thailand and the Philippines. It supplies foodservice equipment to commercial and institutional foodservice operators. Its brands include Cleveland, Convotherm, Delfield, fitKitchen, Frymaster, Garland, Kolpak, Lincoln, Manitowoc Ice, Merco, Merrychef and Multiplex.

Industry, Sector and Symbol:
  • Sector: Industrial Products
  • Industry: Industrial Machinery & Equipment - NEC
  • Sub-Industry: N/A
  • Symbol: NYSE:WBT
  • CUSIP: N/A
  • Web: www.manitowocfoodservice.com
Capitalization:
  • Market Cap: $2.73 billion
  • Outstanding Shares: 138,974,000
Average Prices:
  • 50 Day Moving Avg: $19.42
  • 200 Day Moving Avg: $19.38
  • 52 Week Range: $14.93 - $21.13
P/E:
  • Trailing P/E Ratio: 33.97
  • Foreward P/E Ratio: 21.15
  • P/E Growth: 5.39
Sales & Book Value:
  • Annual Revenue: $1.46 billion
  • Price / Sales: 1.87
  • Book Value: $0.08 per share
  • Price / Book: 245.88
Profitability:
  • EBIDTA: $265.3 million
  • Net Margins: 5.57%
  • Return on Equity: -280.03%
  • Return on Assets: 5.02%
Debt:
  • Debt-to-Equity Ratio: 117.60%
  • Current Ratio: 1.31%
  • Quick Ratio: 0.75%
Misc:
  • Average Volume: 829,016 shs.
  • Beta: 2.28
  • Short Ratio: 12.28
 

Frequently Asked Questions for Manitowoc Food Service (NYSE:WBT)

What is Manitowoc Food Service's stock symbol?

Manitowoc Food Service trades on the New York Stock Exchange (NYSE) under the ticker symbol "WBT."

How were Manitowoc Food Service's earnings last quarter?

Manitowoc Food Service, Inc. (NYSE:WBT) announced its earnings results on Wednesday, August, 9th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The business had revenue of $371.10 million for the quarter, compared to analysts' expectations of $367.28 million. Manitowoc Food Service had a negative return on equity of 280.03% and a net margin of 5.57%. Manitowoc Food Service's revenue was up .7% compared to the same quarter last year. View Manitowoc Food Service's Earnings History.

What guidance has Manitowoc Food Service issued on next quarter's earnings?

Manitowoc Food Service issued an update on its FY17 earnings guidance on Wednesday, August, 9th. The company provided earnings per share guidance of $0.74-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.72. The company issued revenue guidance of -1.5% to +1.5% YoY to ~$1.43-1.48 billion, compared to the consensus revenue estimate of $1.46 billion.

Where is Manitowoc Food Service's stock going? Where will Manitowoc Food Service's stock price be in 2017?

4 analysts have issued 12-month price objectives for Manitowoc Food Service's shares. Their predictions range from $20.00 to $22.00. On average, they expect Manitowoc Food Service's stock price to reach $21.25 in the next year. View Analyst Ratings for Manitowoc Food Service.

Who are some of Manitowoc Food Service's key competitors?

Who are Manitowoc Food Service's key executives?

Manitowoc Food Service's management team includes the folowing people:

  • Cynthia M. Egnotovich, Independent Chairperson of the Board
  • Hubertus M. Muehlhaeuser, President, Chief Executive Officer, Director
  • Haresh Shah, Chief Financial Officer, Senior Vice President, Chief Accounting Officer, Controller
  • Josef Matosevic, Chief Operating Officer, Senior Vice President
  • Joel H. Horn, Senior Vice President, General Counsel, Secretary
  • Andreas G. Weishaar, Senior Vice President - Strategy, Marketing and Human Resources
  • Richard N. Caron, Senior Vice President - Innovation
  • Dino Joe Bianco, Independent Director
  • Joan Kai Chow, Independent Director
  • Thomas Dale Davis, Independent Director

Who owns Manitowoc Food Service stock?

Manitowoc Food Service's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (2.16%). Company insiders that own Manitowoc Food Service stock include Joel H Horn, Josef Matosevic and Maurice D Jones. View Institutional Ownership Trends for Manitowoc Food Service.

Who bought Manitowoc Food Service stock? Who is buying Manitowoc Food Service stock?

Manitowoc Food Service's stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors. View Insider Buying and Selling for Manitowoc Food Service.

How do I buy Manitowoc Food Service stock?

Shares of Manitowoc Food Service can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Manitowoc Food Service's stock price today?

One share of Manitowoc Food Service stock can currently be purchased for approximately $19.67.


MarketBeat Community Rating for Manitowoc Food Service (NYSE WBT)
Community Ranking:  1.8 out of 5 ()
Outperform Votes:  46 (Vote Outperform)
Underperform Votes:  82 (Vote Underperform)
Total Votes:  128
MarketBeat's community ratings are surveys of what our community members think about Manitowoc Food Service and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Manitowoc Food Service (NYSE:WBT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Hold Ratings, 2 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $21.25 (8.03% upside)

Analysts' Ratings History for Manitowoc Food Service (NYSE:WBT)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/19/2017Barclays PLCBoost Price TargetEqual Weight$19.00 -> $20.00LowView Rating Details
2/16/2017Dougherty & CoDowngradeBuy -> NeutralN/AView Rating Details
2/16/2017Robert W. BairdUpgradeNeutral -> Outperform$18.00 -> $22.00N/AView Rating Details
11/16/2016Seaport Global SecuritiesInitiated CoverageBuy$22.00N/AView Rating Details
7/11/2016William BlairUpgradeMarket Perform -> Outperform$21.00N/AView Rating Details
5/14/2016Citigroup Inc.Reiterated RatingHoldN/AView Rating Details
3/11/2016BB&T CorporationReiterated RatingHoldN/AView Rating Details
3/7/2016Susquehanna Bancshares IncInitiated CoverageNeutral$14.00N/AView Rating Details
3/4/2016KeyCorpInitiated CoverageOverweight$16.00N/AView Rating Details
(Data available from 8/19/2015 forward)

Earnings

Earnings History for Manitowoc Food Service (NYSE:WBT)
Earnings by Quarter for Manitowoc Food Service (NYSE:WBT)
Earnings History by Quarter for Manitowoc Food Service (NYSE WBT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
8/9/20176/30/2017$0.18$0.22$367.28 million$371.10 millionViewListenView Earnings Details
5/8/2017Q1 2017$0.09$0.08$318.12 million$328.00 millionViewListenView Earnings Details
2/15/2017Q416$0.17$0.16$391.70 million$378.70 millionViewListenView Earnings Details
11/7/2016Q316$0.17$0.20$386.60 million$384.00 millionViewN/AView Earnings Details
8/11/2016Q216$0.16$0.12$379.00 million$368.40 millionViewListenView Earnings Details
5/12/2016Q116$0.10$0.13$341.20 million$325.50 millionViewListenView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Manitowoc Food Service (NYSE:WBT)
2017 EPS Consensus Estimate: $0.69
2018 EPS Consensus Estimate: $0.95
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20172$0.17$0.18$0.18
Q3 20173$0.25$0.27$0.26
Q4 20173$0.24$0.28$0.25
Q1 20181$0.12$0.12$0.12
Q2 20181$0.20$0.20$0.20
Q3 20181$0.30$0.30$0.30
Q4 20181$0.33$0.33$0.33
(Data provided by Zacks Investment Research)

Dividends

Dividend History for Manitowoc Food Service (NYSE:WBT)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Manitowoc Food Service (NYSE:WBT)
Insider Ownership Percentage: 0.67%
Institutional Ownership Percentage: 87.40%
Insider Trades by Quarter for Manitowoc Food Service (NYSE:WBT)
Institutional Ownership by Quarter for Manitowoc Food Service (NYSE:WBT)
Insider Trades by Quarter for Manitowoc Food Service (NYSE:WBT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/14/2017Joel H HornSVPSell1,561$19.23$30,018.03View SEC Filing  
2/17/2017Joel H HornSVPSell809$18.44$14,917.96View SEC Filing  
2/17/2017Josef MatosevicCOOSell1,323$18.44$24,396.12View SEC Filing  
11/28/2016Maurice D JonesSVPSell3,400$17.84$60,656.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Manitowoc Food Service (NYSE:WBT)
Latest Headlines for Manitowoc Food Service (NYSE:WBT)
Source:
DateHeadline
americanbankingnews.com logoZacks: Analysts Anticipate Manitowoc Food Service, Inc. (WBT) Will Announce Quarterly Sales of $387.38 Million
www.americanbankingnews.com - August 16 at 2:32 AM
americanbankingnews.com logoBrokers Offer Predictions for Manitowoc Food Service, Inc.'s Q1 2018 Earnings (NYSE:WBT)
www.americanbankingnews.com - August 14 at 6:42 AM
americanbankingnews.com logoKeyCorp Weighs in on Manitowoc Food Service, Inc.'s Q3 2017 Earnings (WBT)
www.americanbankingnews.com - August 14 at 1:22 AM
americanbankingnews.com logoQ3 2017 Earnings Estimate for Manitowoc Food Service, Inc. (WBT) Issued By William Blair
www.americanbankingnews.com - August 14 at 1:22 AM
americanbankingnews.com logoManitowoc Food Service, Inc. (NYSE:WBT) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - August 12 at 11:58 AM
americanbankingnews.com logoFY2017 EPS Estimates for Manitowoc Food Service, Inc. (WBT) Increased by Analyst
www.americanbankingnews.com - August 11 at 10:14 AM
finance.yahoo.com logoEdited Transcript of WBT earnings conference call or presentation 9-Aug-17 2:00pm GMT
finance.yahoo.com - August 10 at 9:34 AM
americanbankingnews.com logoManitowoc Food Service, Inc. (WBT) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
www.americanbankingnews.com - August 9 at 5:54 PM
americanbankingnews.com logoManitowoc Food Service, Inc. (NYSE:WBT) Issues FY17 Earnings Guidance
www.americanbankingnews.com - August 9 at 9:24 AM
finance.yahoo.com logoWelbilt Reports Solid Second Quarter Operating Results
finance.yahoo.com - August 9 at 9:02 AM
finance.yahoo.com logoWelbilt tops Street 2Q forecasts
finance.yahoo.com - August 9 at 9:02 AM
finance.yahoo.com logoWelbilt, Inc. breached its 50 day moving average in a Bearish Manner : WBT-US : August 2, 2017
finance.yahoo.com - August 3 at 8:48 AM
finance.yahoo.com logoETFs with exposure to Welbilt, Inc. : August 1, 2017
finance.yahoo.com - August 2 at 8:40 AM
finance.yahoo.com logoWelbilt, Inc. – Value Analysis (NYSE:WBT) : August 1, 2017
finance.yahoo.com - August 1 at 7:43 AM
americanbankingnews.com logoManitowoc Food Service, Inc. (NYSE:WBT) Set to Announce Earnings on Monday
www.americanbankingnews.com - July 31 at 8:15 AM
finance.yahoo.com logoWelbilt Announces Details of 2017 Second Quarter Earnings Call and Webcast
finance.yahoo.com - July 25 at 8:25 AM
seekingalpha.com logoThe Short Case For Welbilt
seekingalpha.com - July 22 at 10:32 AM
seekingalpha.com logoThe Short Case For Welbilt
seekingalpha.com - July 22 at 10:32 AM
finance.yahoo.com logoWelbilt, Inc. breached its 50 day moving average in a Bullish Manner : WBT-US : July 17, 2017
finance.yahoo.com - July 17 at 11:37 AM
americanbankingnews.com logoManitowoc Food Service, Inc. (NYSE:WBT) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - July 13 at 10:24 AM
finance.yahoo.com logoETFs with exposure to Welbilt, Inc. : July 7, 2017
finance.yahoo.com - July 8 at 5:02 PM
americanbankingnews.com logo Analysts Expect Manitowoc Food Service, Inc. (NYSE:WBT) Will Post Quarterly Sales of $366.35 Million
www.americanbankingnews.com - July 5 at 11:50 AM
americanbankingnews.com logoZacks: Analysts Expect Manitowoc Food Service, Inc. (NYSE:WBT) Will Announce Earnings of $0.18 Per Share
www.americanbankingnews.com - July 3 at 2:30 PM
finance.yahoo.com logoETFs with exposure to Welbilt, Inc. : June 26, 2017
finance.yahoo.com - June 26 at 11:46 PM
americanbankingnews.com logoManitowoc Food Service, Inc. (WBT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 11:46 AM
finance.yahoo.com logoWelbilt, Inc. :WBT-US: Earnings Analysis: Q1, 2017 By the Numbers : June 22, 2017
finance.yahoo.com - June 22 at 7:42 PM
americanbankingnews.com logoManitowoc Food Service, Inc. (WBT) SVP Joel H. Horn Sells 1,561 Shares
www.americanbankingnews.com - June 16 at 1:46 PM
finance.yahoo.com logoWelbilt to Present at 2017 William Blair & Co. Growth Stock Conference
finance.yahoo.com - June 10 at 2:23 AM
americanbankingnews.com logoZacks: Analysts Expect Welbilt Inc (WBT) Will Post Quarterly Sales of $366.35 Million
www.americanbankingnews.com - June 9 at 1:52 PM
americanbankingnews.com logoWelbilt Inc (WBT) Expected to Announce Earnings of $0.18 Per Share
www.americanbankingnews.com - June 7 at 12:22 PM
americanbankingnews.com logoWelbilt Inc (WBT) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 29 at 10:52 AM
finance.yahoo.com logoRon Baron's Top 4 New Buys for 1st Quarter
finance.yahoo.com - May 24 at 8:16 AM
finance.yahoo.com logoSt. Pete Fortune 500 company changes its name
finance.yahoo.com - May 23 at 8:15 AM
finance.yahoo.com logoHere's What Carl Icahn Bought and Sold in the First Quarter
finance.yahoo.com - May 16 at 12:45 PM
finance.yahoo.com logoWelbilt Unveils New Product and Service Brand Logos
finance.yahoo.com - May 15 at 8:29 AM
americanbankingnews.com logoWelbilt Inc (WBT) Expected to Post Quarterly Sales of $366.35 Million
www.americanbankingnews.com - May 13 at 8:22 AM
americanbankingnews.com logoQ2 2017 Earnings Forecast for Welbilt Inc Issued By KeyCorp (WBT)
www.americanbankingnews.com - May 11 at 8:07 AM
americanbankingnews.com logoWelbilt Inc (WBT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 10 at 10:02 PM
americanbankingnews.com logoWelbilt Inc (WBT) to Post FY2018 Earnings of $0.90 Per Share, KeyCorp Forecasts
www.americanbankingnews.com - May 10 at 2:10 PM
americanbankingnews.com logoBrokers Offer Predictions for Welbilt Inc's Q4 2017 Earnings (WBT)
www.americanbankingnews.com - May 10 at 12:23 PM
americanbankingnews.com logoQ2 2017 EPS Estimates for Welbilt Inc (WBT) Boosted by Analyst
www.americanbankingnews.com - May 10 at 7:52 AM
finance.yahoo.com logoEdited Transcript of WBT earnings conference call or presentation 8-May-17 2:00pm GMT
finance.yahoo.com - May 9 at 9:38 AM
americanbankingnews.com logoWelbilt Inc (WBT) Issues Earnings Results
www.americanbankingnews.com - May 8 at 1:58 PM
americanbankingnews.com logoWelbilt Inc (WBT) Issues FY17 Earnings Guidance
www.americanbankingnews.com - May 8 at 11:38 AM
finance.yahoo.com logoWelbilt Reports Solid First Quarter Operating Results
finance.yahoo.com - May 8 at 8:49 AM
finance.yahoo.com logoMarket Recon: The French Election Is out of the Way; the Focus Returns to Earnings
finance.yahoo.com - May 8 at 8:49 AM
americanbankingnews.com logoWelbilt Inc (WBT) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - May 6 at 7:02 AM
americanbankingnews.com logoWelbilt Inc (WBT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 12:42 PM
streetinsider.com logoWelbilt (WBT) Names Haresh Shah SVP and CFO - StreetInsider.com
www.streetinsider.com - May 2 at 8:20 AM
streetinsider.com logoWelbilt (WBT) Names Haresh Shah SVP and CFO
www.streetinsider.com - May 1 at 10:12 AM

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Chart

Manitowoc Food Service (WBT) Chart for Saturday, August, 19, 2017

This page was last updated on 8/19/2017 by MarketBeat.com Staff