Manitowoc Food Service, Inc. (NYSE:MFS) – Analysts at Seaport Global Securities cut their Q2 2017 earnings per share estimates for shares of Manitowoc Food Service in a research note issued on Thursday. Seaport Global Securities analyst W. Liptak now anticipates that the brokerage will earn $0.15 per share for the quarter, down from their previous estimate of $0.22. Seaport Global Securities currently has a “Buy” rating and a $22.00 target price on the stock. Seaport Global Securities also issued estimates for Manitowoc Food Service’s Q3 2017 earnings at $0.26 EPS, Q4 2017 earnings at $0.21 EPS, FY2017 earnings at $0.70 EPS, Q2 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.92 EPS.

Manitowoc Food Service (NYSE:MFS) last issued its quarterly earnings results on Wednesday, February 15th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by $0.01. Manitowoc Food Service had a return on equity of 57.49% and a net margin of 8.38%. The company had revenue of $378.70 million for the quarter, compared to analyst estimates of $391.70 million. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year.

“Manitowoc Food Service, Inc. Forecasted to Earn Q2 2017 Earnings of $0.15 Per Share (MFS)” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this article can be accessed at http://www.dailypolitical.com/2017/02/17/manitowoc-food-service-inc-forecasted-to-earn-q2-2017-earnings-of-0-15-per-share-mfs.html.

Earnings History and Estimates for Manitowoc Food Service (NYSE:MFS)

Several other research firms have also weighed in on MFS. Zacks Investment Research lowered shares of Manitowoc Food Service from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Dougherty & Co began coverage on shares of Manitowoc Food Service in a research report on Thursday, February 2nd. They set a “buy” rating and a $21.00 price objective for the company. Barclays PLC restated a “hold” rating and set a $19.00 price objective on shares of Manitowoc Food Service in a research report on Tuesday, January 10th. Finally, Robert W. Baird upgraded shares of Manitowoc Food Service from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $18.00 to $22.00 in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.00.

Manitowoc Food Service (NYSE:MFS) opened at 18.61 on Friday. The firm has a market cap of $2.58 billion and a price-to-earnings ratio of 20.84. The company’s 50-day moving average is $19.18 and its 200 day moving average is $17.47. Manitowoc Food Service has a 12 month low of $13.20 and a 12 month high of $19.91.

In other Manitowoc Food Service news, SVP Maurice D. Jones sold 3,400 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $17.84, for a total value of $60,656.00. Following the completion of the transaction, the senior vice president now directly owns 159,594 shares in the company, valued at $2,847,156.96. The sale was disclosed in a filing with the SEC, which is accessible through this link.

“Manitowoc Food Service, Inc. Forecasted to Earn Q2 2017 Earnings of $0.15 Per Share (MFS)” was originally reported by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this article can be accessed at http://www.dailypolitical.com/2017/02/17/manitowoc-food-service-inc-forecasted-to-earn-q2-2017-earnings-of-0-15-per-share-mfs.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Oak Ridge Investments LLC purchased a new position in shares of Manitowoc Food Service during the third quarter valued at approximately $29,156,000. US Bancorp DE boosted its position in shares of Manitowoc Food Service by 25.7% in the third quarter. US Bancorp DE now owns 22,948 shares of the company’s stock valued at $372,000 after buying an additional 4,692 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of Manitowoc Food Service by 1.2% in the third quarter. UBS Asset Management Americas Inc. now owns 119,379 shares of the company’s stock valued at $1,936,000 after buying an additional 1,383 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Manitowoc Food Service by 158.4% in the third quarter. Victory Capital Management Inc. now owns 2,354,638 shares of the company’s stock valued at $38,193,000 after buying an additional 1,443,490 shares during the last quarter. Finally, TD Asset Management Inc. boosted its position in shares of Manitowoc Food Service by 118.3% in the third quarter. TD Asset Management Inc. now owns 35,500 shares of the company’s stock valued at $576,000 after buying an additional 19,241 shares during the last quarter. Institutional investors own 82.50% of the company’s stock.

Manitowoc Food Service 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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