Manitowoc (MTW) to Release Quarterly Earnings on Tuesday

Manitowoc (NYSE:MTW) is set to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Manitowoc to post earnings of $0.19 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Manitowoc (NYSE:MTW) last released its earnings results on Thursday, February 15th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). Manitowoc had a return on equity of 9.44% and a net margin of 1.76%. The firm had revenue of $595.80 million during the quarter, compared to analysts’ expectations of $583.90 million. During the same period in the prior year, the business earned $0.74 earnings per share. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect Manitowoc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitowoc Stock Down 0.3 %

Shares of NYSE MTW opened at $12.43 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.83 and a quick ratio of 0.65. The stock has a market capitalization of $441.02 million, a PE ratio of 11.40 and a beta of 2.05. Manitowoc has a one year low of $11.73 and a one year high of $19.81. The business’s fifty day moving average price is $13.30 and its 200-day moving average price is $14.46.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTW. StockNews.com lowered shares of Manitowoc from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Wells Fargo & Company reduced their price objective on shares of Manitowoc from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 16th. JPMorgan Chase & Co. dropped their target price on Manitowoc from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 16th. Finally, Barclays cut their price target on Manitowoc from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat.com, Manitowoc currently has an average rating of “Hold” and a consensus target price of $16.83.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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.