Manitowoc Food Service (WBT) Receiving Somewhat Positive Media Coverage, Study Shows

Press coverage about Manitowoc Food Service (NYSE:WBT) has trended somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Manitowoc Food Service earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 47.7381595616457 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of equities analysts recently issued reports on WBT shares. Zacks Investment Research raised shares of Manitowoc Food Service from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, July 13th. Dougherty & Co reissued a “neutral” rating on shares of Manitowoc Food Service in a report on Thursday, August 17th. Robert W. Baird set a $22.00 price objective on shares of Manitowoc Food Service and gave the stock a “buy” rating in a report on Thursday, August 24th. Finally, Longbow Research started coverage on shares of Manitowoc Food Service in a research note on Tuesday. They set a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $21.40.

Shares of Manitowoc Food Service (WBT) opened at 22.20 on Wednesday. Manitowoc Food Service has a 1-year low of $14.93 and a 1-year high of $23.46. The company has a market cap of $3.09 billion, a PE ratio of 38.34 and a beta of 2.42. The firm’s 50-day moving average is $19.64 and its 200-day moving average is $19.46.

Manitowoc Food Service (NYSE:WBT) last released its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $371.10 million for the quarter, compared to analyst estimates of $367.28 million. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Manitowoc Food Service will post $0.78 earnings per share for the current fiscal year.

In related news, Director Brian R. Gamache acquired 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were acquired at an average price of $19.68 per share, for a total transaction of $196,800.00. Following the transaction, the director now owns 14,776 shares in the company, valued at approximately $290,791.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

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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.

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