Manitowoc (MTW) to Release Quarterly Earnings on Monday

Manitowoc (NYSE:MTW) will be issuing its quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Manitowoc (NYSE:MTW) last announced its earnings results on Monday, August 6th. The industrial products company reported $0.40 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.17. Manitowoc had a net margin of 2.53% and a return on equity of 2.77%. The firm had revenue of $495.30 million for the quarter, compared to analysts’ expectations of $458.03 million. During the same quarter in the previous year, the business posted $0.20 EPS. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts expect Manitowoc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of MTW stock opened at $18.74 on Friday. Manitowoc has a 12 month low of $16.74 and a 12 month high of $44.03. The firm has a market cap of $665.94 million, a PE ratio of -72.08 and a beta of 1.62. The company has a current ratio of 1.65, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.

MTW has been the topic of a number of research reports. Seaport Global Securities set a $31.00 target price on shares of Manitowoc and gave the company a “buy” rating in a report on Wednesday, August 8th. Goldman Sachs Group cut shares of Manitowoc from a “neutral” rating to a “sell” rating in a report on Monday, July 16th. Zacks Investment Research upgraded shares of Manitowoc from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a report on Tuesday, July 10th. Stifel Nicolaus restated a “buy” rating and set a $33.00 target price on shares of Manitowoc in a report on Sunday, August 12th. Finally, ValuEngine lowered Manitowoc from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Manitowoc currently has a consensus rating of “Buy” and a consensus price target of $30.92.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry 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 telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.

Further Reading: Preferred Stock

Earnings History for Manitowoc (NYSE:MTW)

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