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Equities research analysts expect The Manitowoc Company, Inc. (NYSE:MTW - Get Rating) to announce earnings of $0.36 per share for the current quarter, according to Zacks. Four analysts have provided estimates for Manitowoc's earnings. The lowest EPS estimate is $0.22 and the highest is $0.54. Manitowoc reported earnings of $0.60 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 40%. The business is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Manitowoc will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.67 to $0.96. For the next year, analysts expect that the company will post earnings of $1.41 per share, with EPS estimates ranging from $0.75 to $2.08. Zacks' EPS calculations are a mean average based on a survey of sell-side research analysts that follow Manitowoc.
Manitowoc (NYSE:MTW - Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Manitowoc had a net margin of 0.94% and a return on equity of 5.14%. The business had revenue of $459.00 million during the quarter, compared to analyst estimates of $440.08 million. During the same period in the previous year, the company posted ($0.06) earnings per share. Manitowoc's revenue was up 29.6% compared to the same quarter last year.
MTW has been the topic of a number of research reports. Zacks Investment Research downgraded Manitowoc from a "hold" rating to a "strong sell" rating and set a $11.00 price objective on the stock. in a report on Monday, May 9th. Wells Fargo & Company began coverage on Manitowoc in a research report on Friday, March 11th. They issued an "underweight" rating and a $17.00 price objective for the company. StockNews.com assumed coverage on Manitowoc in a research report on Thursday, March 31st. They issued a "hold" rating for the company. Citigroup cut their target price on Manitowoc from $18.50 to $12.50 in a research note on Thursday, May 12th. Finally, JPMorgan Chase & Co. cut their target price on Manitowoc from $23.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, March 28th. Two investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $16.14.
NYSE MTW traded down $0.15 on Wednesday, hitting $13.48. 1,822 shares of the company were exchanged, compared to its average volume of 226,397. The firm has a market capitalization of $476.11 million, a P/E ratio of 28.08 and a beta of 2.11. Manitowoc has a twelve month low of $10.87 and a twelve month high of $27.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.74 and a quick ratio of 0.61. The company's 50 day moving average price is $13.07 and its 200-day moving average price is $16.21.
Several large investors have recently made changes to their positions in MTW. Steward Partners Investment Advisory LLC bought a new position in Manitowoc in the fourth quarter valued at about $25,000. Lazard Asset Management LLC bought a new position in Manitowoc in the fourth quarter valued at about $41,000. New York State Teachers Retirement System bought a new position in Manitowoc in the first quarter valued at about $45,000. US Bancorp DE boosted its holdings in Manitowoc by 43.6% in the first quarter. US Bancorp DE now owns 3,775 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 1,146 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Manitowoc by 24.3% in the first quarter. KBC Group NV now owns 6,247 shares of the industrial products company's stock valued at $94,000 after acquiring an additional 1,223 shares during the last quarter. Institutional investors own 76.36% of the company's stock.
Manitowoc Company Profile (Get Rating)
The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.
Further ReadingGet a free copy of the StockNews.com research report on Manitowoc (MTW)Expedia Group: Recovering with the Travel IndustryIt’s Time To Grab The Lovesac Company By The Shorts Asana posts a strong result, what you should consider before buying the stock?Lightning Strikes For Thor Industries Heavy Buying Points to Upside for These 3 Stocks
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