Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Manitowoc (MTW) Stock Price
Headlines about Manitowoc (NYSE:MTW) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manitowoc earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.9963067348424 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
- $423.19 Million in Sales Expected for Manitowoc Company Inc (MTW) This Quarter (americanbankingnews.com)
- Manitowoc Company Inc (MTW) to Post FY2017 Earnings of ($0.14) Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- Hot Stock under Review: The Manitowoc Company Inc (NYSE: MTW) – Alpha Beta Stock (alphabetastock.com)
- FY2018 EPS Estimates for Manitowoc Company Inc (MTW) Raised by SunTrust Banks (americanbankingnews.com)
- -$0.06 EPS Expected for Manitowoc Company Inc (MTW) This Quarter (americanbankingnews.com)
Manitowoc (NYSE:MTW) opened at $39.36 on Monday. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. Manitowoc has a twelve month low of $21.00 and a twelve month high of $42.12. The firm has a market cap of $1,380.00, a P/E ratio of -28.73 and a beta of 1.56.
Manitowoc (NYSE:MTW) last released its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.44. Manitowoc had a negative net margin of 4.01% and a negative return on equity of 6.17%. The firm had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. During the same period in the previous year, the company earned ($1.12) earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. analysts anticipate that Manitowoc will post -0.18 EPS for the current fiscal year.
Several research analysts have issued reports on the stock. Deutsche Bank reaffirmed a “hold” rating and issued a $32.28 target price (up from $31.40) on shares of Manitowoc in a report on Monday, October 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 target price on shares of Manitowoc in a report on Friday, November 24th. Zacks Investment Research cut shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities raised shares of Manitowoc from a “neutral” rating to a “buy” rating and set a $48.00 target price for the company in a report on Monday, November 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Manitowoc in a report on Friday, October 6th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $39.64.
In other Manitowoc news, Director Charles David Myers bought 3,854 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of $39.12 per share, for a total transaction of $150,768.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.82% of the stock is owned by insiders.
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.
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