Manitowoc (MTW) Projected to Post Quarterly Earnings on Monday

Manitowoc (NYSE:MTW) is projected to issue its results after the market closes on Monday, February 9th. Analysts expect the company to announce earnings of $0.2680 per share and revenue of $637.00 million for the quarter.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Wednesday, November 5th. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Manitowoc had a return on equity of 0.87% and a net margin of 2.63%.The company had revenue of $553.40 million during the quarter, compared to analysts’ expectations of $550.00 million. During the same period last year, the firm posted ($0.08) earnings per share. Manitowoc’s quarterly revenue was up 5.4% 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 Performance

NYSE:MTW opened at $12.92 on Monday. Manitowoc has a twelve month low of $7.06 and a twelve month high of $14.32. The company has a quick ratio of 0.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.70. The stock has a market cap of $458.27 million, a P/E ratio of 8.13 and a beta of 1.88. The business’s 50-day moving average price is $12.69 and its two-hundred day moving average price is $11.43.

Analyst Ratings Changes

MTW has been the subject of several recent analyst reports. Wall Street Zen raised shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $10.50.

Institutional Investors Weigh In On Manitowoc

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP purchased a new stake in Manitowoc during the third quarter worth approximately $47,000. Tower Research Capital LLC TRC boosted its position in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in shares of Manitowoc in the second quarter worth about $84,000. Caxton Associates LLP acquired a new position in shares of Manitowoc in the 1st quarter valued at about $112,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Manitowoc during the 3rd quarter worth about $138,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.