Manitowoc (NYSE:MTW) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Manitowoc (NYSE:MTW) released its earnings results on Monday. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01), FiscalAI reports. The firm had revenue of $677.10 million during the quarter, compared to analysts’ expectations of $637.00 million. Manitowoc had a net margin of 0.32% and a return on equity of 1.73%. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. Manitowoc updated its FY 2026 guidance to 0.450-0.900 EPS.

Manitowoc Stock Up 2.0%

Shares of Manitowoc stock opened at $15.16 on Wednesday. The company has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $11.52. The stock has a market capitalization of $537.74 million, a PE ratio of 79.79 and a beta of 1.88. Manitowoc has a 52-week low of $7.06 and a 52-week high of $15.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 2.14.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTW. Weiss Ratings restated a “hold (c-)” rating on shares of Manitowoc in a report on Monday, December 22nd. Wells Fargo & Company reissued an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Three equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.50.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its holdings in shares of Manitowoc by 131.0% during the second 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. Quantbot Technologies LP purchased a new position in Manitowoc in the 3rd quarter worth about $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Manitowoc during the 2nd quarter valued at about $84,000. Caxton Associates LLP purchased a new stake in shares of Manitowoc during the 1st quarter valued at about $112,000. Finally, Intech Investment Management LLC grew its stake in shares of Manitowoc by 20.9% in the third quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 2,376 shares during the period. 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.