Manitowoc Foodservice Inc. (MFS) Expected to Earn FY2016 Earnings of $0.63 Per Share

Manitowoc Foodservice Inc. (NYSE:MFS) – Analysts at KeyCorp decreased their FY2016 earnings per share (EPS) estimates for Manitowoc Foodservice in a research report issued on Tuesday. KeyCorp analyst J. Picariello now anticipates that the brokerage will post earnings of $0.63 per share for the year, down from their previous estimate of $0.66.

Manitowoc Foodservice (NYSE:MFS) last released its earnings results on Thursday, August 11th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.16 by $0.04. The company earned $368.40 million during the quarter, compared to analyst estimates of $379 million.

MFS has been the subject of a number of other reports. William Blair upgraded Manitowoc Foodservice from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a report on Monday, July 11th. Robert W. Baird cut Manitowoc Foodservice from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Wednesday, June 8th. Barclays PLC upped their price objective on Manitowoc Foodservice from $13.00 to $16.00 and gave the stock an “equal weight” rating in a report on Monday, August 15th. Finally, Zacks Investment Research upgraded Manitowoc Foodservice from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, July 14th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $17.14.

Manitowoc Foodservice (NYSE:MFS) traded up 3.647% during midday trading on Thursday, reaching $16.625. The company had a trading volume of 1,076,246 shares. The company has a 50-day moving average price of $16.34 and a 200-day moving average price of $16.39. The stock has a market capitalization of $2.28 billion and a price-to-earnings ratio of 16.395. Manitowoc Foodservice has a one year low of $13.20 and a one year high of $18.94.

A hedge fund recently bought a new stake in Manitowoc Foodservice stock. Highwater Wealth Management LLC bought a new position in shares of Manitowoc Foodservice Inc. (NYSE:MFS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $176,000. Manitowoc Foodservice comprises 9.8% of Highwater Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Institutional investors own 80.87% of the company’s stock.

About Manitowoc Foodservice

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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