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. 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?
Some companies that are related to Manitowoc Food Service include Crane Company (CR), Gardner Denver Holdings (GDI), Woodward (WWD), Spirax-Sarco Engineering plc (SPX), Weir Group PLC (WEIR), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), KLX (KLXI), Rexnord Corporation (RXN), Hillenbrand (HI), Mueller Water Products (MWA), Proto Labs (PRLB), Actuant Corporation (ATU), Kaman Corporation (KAMN), SPX FLOW (FLOW), Comfort Systems USA (FIX) and Milacron Holdings Corp. (MCRN).
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?
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)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.
Consensus Ratings for Manitowoc Food Service (NYSE:WBT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| 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:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 4/19/2017 | Barclays PLC | Boost Price Target | Equal Weight | $19.00 -> $20.00 | Low |  |
| 2/16/2017 | Dougherty & Co | Downgrade | Buy -> Neutral | | N/A | |
| 2/16/2017 | Robert W. Baird | Upgrade | Neutral -> Outperform | $18.00 -> $22.00 | N/A | |
| 11/16/2016 | Seaport Global Securities | Initiated Coverage | Buy | $22.00 | N/A | |
| 7/11/2016 | William Blair | Upgrade | Market Perform -> Outperform | $21.00 | N/A | |
| 5/14/2016 | Citigroup Inc. | Reiterated Rating | Hold | | N/A | |
| 3/11/2016 | BB&T Corporation | Reiterated Rating | Hold | | N/A | |
| 3/7/2016 | Susquehanna Bancshares Inc | Initiated Coverage | Neutral | $14.00 | N/A | |
| 3/4/2016 | KeyCorp | Initiated Coverage | Overweight | $16.00 | N/A | |
(Data available from 8/19/2015 forward)
Earnings History for Manitowoc Food Service (NYSE:WBT)Earnings History by Quarter for Manitowoc Food Service (NYSE WBT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 8/9/2017 | 6/30/2017 | $0.18 | $0.22 | $367.28 million | $371.10 million | View | Listen | |
| 5/8/2017 | Q1 2017 | $0.09 | $0.08 | $318.12 million | $328.00 million | View | Listen | |
| 2/15/2017 | Q416 | $0.17 | $0.16 | $391.70 million | $378.70 million | View | Listen | |
| 11/7/2016 | Q316 | $0.17 | $0.20 | $386.60 million | $384.00 million | View | N/A | |
| 8/11/2016 | Q216 | $0.16 | $0.12 | $379.00 million | $368.40 million | View | Listen | |
| 5/12/2016 | Q116 | $0.10 | $0.13 | $341.20 million | $325.50 million | View | Listen | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Manitowoc Food Service (NYSE:WBT)2017 EPS Consensus Estimate: $0.69
2018 EPS Consensus Estimate: $0.95
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q2 2017 | 2 | $0.17 | $0.18 | $0.18 |
| Q3 2017 | 3 | $0.25 | $0.27 | $0.26 |
| Q4 2017 | 3 | $0.24 | $0.28 | $0.25 |
| Q1 2018 | 1 | $0.12 | $0.12 | $0.12 |
| Q2 2018 | 1 | $0.20 | $0.20 | $0.20 |
| Q3 2018 | 1 | $0.30 | $0.30 | $0.30 |
| Q4 2018 | 1 | $0.33 | $0.33 | $0.33 |
(Data provided by Zacks Investment Research)
Dividend History for Manitowoc Food Service (NYSE:WBT)
No dividend announcements for this company have been tracked by MarketBeat.com
Headline Trends for Manitowoc Food Service (NYSE:WBT)
Latest Headlines for Manitowoc Food Service (NYSE:WBT)
| Source: |
|
| Date | Headline |
|---|
 | Zacks: Analysts Anticipate Manitowoc Food Service, Inc. (WBT) Will Announce Quarterly Sales of $387.38 Million
www.americanbankingnews.com - August 16 at 2:32 AM |
| Brokers Offer Predictions for Manitowoc Food Service, Inc.'s Q1 2018 Earnings (NYSE:WBT)
www.americanbankingnews.com - August 14 at 6:42 AM |
| KeyCorp Weighs in on Manitowoc Food Service, Inc.'s Q3 2017 Earnings (WBT)
www.americanbankingnews.com - August 14 at 1:22 AM |
| Q3 2017 Earnings Estimate for Manitowoc Food Service, Inc. (WBT) Issued By William Blair
www.americanbankingnews.com - August 14 at 1:22 AM |
| Manitowoc Food Service, Inc. (NYSE:WBT) Upgraded by Zacks Investment Research to "Buy"
www.americanbankingnews.com - August 12 at 11:58 AM |
| FY2017 EPS Estimates for Manitowoc Food Service, Inc. (WBT) Increased by Analyst
www.americanbankingnews.com - August 11 at 10:14 AM |
 | Edited Transcript of WBT earnings conference call or presentation 9-Aug-17 2:00pm GMT
finance.yahoo.com - August 10 at 9:34 AM |
| Manitowoc Food Service, Inc. (WBT) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS
www.americanbankingnews.com - August 9 at 5:54 PM |
| Manitowoc Food Service, Inc. (NYSE:WBT) Issues FY17 Earnings Guidance
www.americanbankingnews.com - August 9 at 9:24 AM |
| Welbilt Reports Solid Second Quarter Operating Results
finance.yahoo.com - August 9 at 9:02 AM |
| Welbilt tops Street 2Q forecasts
finance.yahoo.com - August 9 at 9:02 AM |
| Welbilt, 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 |
| ETFs with exposure to Welbilt, Inc. : August 1, 2017
finance.yahoo.com - August 2 at 8:40 AM |
| Welbilt, Inc. – Value Analysis (NYSE:WBT) : August 1, 2017
finance.yahoo.com - August 1 at 7:43 AM |
| Manitowoc Food Service, Inc. (NYSE:WBT) Set to Announce Earnings on Monday
www.americanbankingnews.com - July 31 at 8:15 AM |
| Welbilt Announces Details of 2017 Second Quarter Earnings Call and Webcast
finance.yahoo.com - July 25 at 8:25 AM |
 | The Short Case For Welbilt
seekingalpha.com - July 22 at 10:32 AM |
| The Short Case For Welbilt
seekingalpha.com - July 22 at 10:32 AM |
| Welbilt, 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 |
| Manitowoc Food Service, Inc. (NYSE:WBT) Upgraded to "Buy" by Zacks Investment Research
www.americanbankingnews.com - July 13 at 10:24 AM |
| ETFs with exposure to Welbilt, Inc. : July 7, 2017
finance.yahoo.com - July 8 at 5:02 PM |
| 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 |
| Zacks: 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 |
| ETFs with exposure to Welbilt, Inc. : June 26, 2017
finance.yahoo.com - June 26 at 11:46 PM |
| Manitowoc Food Service, Inc. (WBT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - June 23 at 11:46 AM |
| Welbilt, Inc. :WBT-US: Earnings Analysis: Q1, 2017 By the Numbers : June 22, 2017
finance.yahoo.com - June 22 at 7:42 PM |
| Manitowoc Food Service, Inc. (WBT) SVP Joel H. Horn Sells 1,561 Shares
www.americanbankingnews.com - June 16 at 1:46 PM |
| Welbilt to Present at 2017 William Blair & Co. Growth Stock Conference
finance.yahoo.com - June 10 at 2:23 AM |
| Zacks: Analysts Expect Welbilt Inc (WBT) Will Post Quarterly Sales of $366.35 Million
www.americanbankingnews.com - June 9 at 1:52 PM |
| Welbilt Inc (WBT) Expected to Announce Earnings of $0.18 Per Share
www.americanbankingnews.com - June 7 at 12:22 PM |
| Welbilt Inc (WBT) Receives Average Recommendation of "Buy" from Analysts
www.americanbankingnews.com - May 29 at 10:52 AM |
| Ron Baron's Top 4 New Buys for 1st Quarter
finance.yahoo.com - May 24 at 8:16 AM |
| St. Pete Fortune 500 company changes its name
finance.yahoo.com - May 23 at 8:15 AM |
| Here's What Carl Icahn Bought and Sold in the First Quarter
finance.yahoo.com - May 16 at 12:45 PM |
| Welbilt Unveils New Product and Service Brand Logos
finance.yahoo.com - May 15 at 8:29 AM |
| Welbilt Inc (WBT) Expected to Post Quarterly Sales of $366.35 Million
www.americanbankingnews.com - May 13 at 8:22 AM |
| Q2 2017 Earnings Forecast for Welbilt Inc Issued By KeyCorp (WBT)
www.americanbankingnews.com - May 11 at 8:07 AM |
| Welbilt Inc (WBT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - May 10 at 10:02 PM |
| Welbilt Inc (WBT) to Post FY2018 Earnings of $0.90 Per Share, KeyCorp Forecasts
www.americanbankingnews.com - May 10 at 2:10 PM |
| Brokers Offer Predictions for Welbilt Inc's Q4 2017 Earnings (WBT)
www.americanbankingnews.com - May 10 at 12:23 PM |
| Q2 2017 EPS Estimates for Welbilt Inc (WBT) Boosted by Analyst
www.americanbankingnews.com - May 10 at 7:52 AM |
| Edited Transcript of WBT earnings conference call or presentation 8-May-17 2:00pm GMT
finance.yahoo.com - May 9 at 9:38 AM |
| Welbilt Inc (WBT) Issues Earnings Results
www.americanbankingnews.com - May 8 at 1:58 PM |
| Welbilt Inc (WBT) Issues FY17 Earnings Guidance
www.americanbankingnews.com - May 8 at 11:38 AM |
| Welbilt Reports Solid First Quarter Operating Results
finance.yahoo.com - May 8 at 8:49 AM |
| Market Recon: The French Election Is out of the Way; the Focus Returns to Earnings
finance.yahoo.com - May 8 at 8:49 AM |
| Welbilt Inc (WBT) Scheduled to Post Quarterly Earnings on Monday
www.americanbankingnews.com - May 6 at 7:02 AM |
| Welbilt Inc (WBT) Given Average Rating of "Buy" by Brokerages
www.americanbankingnews.com - May 2 at 12:42 PM |
 | Welbilt (WBT) Names Haresh Shah SVP and CFO - StreetInsider.com
www.streetinsider.com - May 2 at 8:20 AM |
| Welbilt (WBT) Names Haresh Shah SVP and CFO
www.streetinsider.com - May 1 at 10:12 AM |
Manitowoc Food Service (WBT) Chart for Saturday, August, 19, 2017
