Manitowoc Company, Inc. (The) (NYSE:MTW) – Stock analysts at Jefferies Group increased their FY2017 EPS estimates for Manitowoc Company, Inc. (The) in a note issued to investors on Tuesday. Jefferies Group analyst S. Volkmann now forecasts that the industrial products company will post earnings per share of ($0.05) for the year, up from their previous estimate of ($0.15). Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Manitowoc Company, Inc. (The)’s Q4 2017 earnings at ($0.02) EPS, FY2018 earnings at $0.25 EPS and FY2019 earnings at ($0.55) EPS.

A number of other research firms also recently issued reports on MTW. Stifel Nicolaus increased their price objective on shares of Manitowoc Company, Inc. (The) from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday. Royal Bank of Canada upgraded shares of Manitowoc Company, Inc. (The) from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $7.50 to $12.00 in a research note on Wednesday, November 1st. Zacks Investment Research downgraded shares of Manitowoc Company, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Citigroup Inc. increased their price objective on shares of Manitowoc Company, Inc. (The) from $8.50 to $10.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $8.07 price objective (up from $7.85) on shares of Manitowoc Company, Inc. (The) in a research note on Monday, October 9th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Manitowoc Company, Inc. (The) has an average rating of “Hold” and a consensus target price of $8.97.

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Manitowoc Company, Inc. (MTW) opened at $9.94 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 1.76. Manitowoc Company, Inc. has a one year low of $4.82 and a one year high of $10.53.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.11. The business had revenue of $399.40 million for the quarter, compared to the consensus estimate of $385.01 million. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.28) EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Manitowoc Company, Inc. (The) by 4.6% in the second quarter. Vanguard Group Inc. now owns 10,621,323 shares of the industrial products company’s stock worth $63,834,000 after buying an additional 471,356 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Manitowoc Company, Inc. (The) by 21.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,647,423 shares of the industrial products company’s stock worth $51,970,000 after buying an additional 1,499,384 shares during the last quarter. Southpoint Capital Advisors LP raised its holdings in shares of Manitowoc Company, Inc. (The) by 29.2% in the second quarter. Southpoint Capital Advisors LP now owns 7,750,000 shares of the industrial products company’s stock worth $46,578,000 after buying an additional 1,750,000 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Manitowoc Company, Inc. (The) by 14.2% in the second quarter. Franklin Resources Inc. now owns 3,549,300 shares of the industrial products company’s stock worth $21,331,000 after buying an additional 440,000 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Manitowoc Company, Inc. (The) by 6.4% in the second quarter. State Street Corp now owns 2,483,741 shares of the industrial products company’s stock worth $14,926,000 after buying an additional 150,097 shares during the last quarter. 80.53% of the stock is owned by institutional investors and hedge funds.

About Manitowoc Company, Inc. (The)

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Earnings History and Estimates for Manitowoc Company, Inc. (The) (NYSE:MTW)

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