The Manitowoc (MTW) Given Daily Media Impact Score of 0.19
Headlines about The Manitowoc (NYSE:MTW) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The Manitowoc earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 48.9946281525629 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- The Manitowoc’s (MTW) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- FY2019 EPS Estimates for The Manitowoc Company, Inc. (MTW) Increased by Seaport Global Securities (americanbankingnews.com)
- SunTrust Banks Analysts Increase Earnings Estimates for Manitowoc Company, Inc. (The) (MTW) (americanbankingnews.com)
- FY2017 Earnings Estimate for Manitowoc Company, Inc. (The) (MTW) Issued By Jefferies Group (americanbankingnews.com)
- FY2017 EPS Estimates for Manitowoc Company, Inc. (The) (MTW) Increased by Analyst (americanbankingnews.com)
The Manitowoc (NYSE:MTW) traded up $0.08 during mid-day trading on Friday, reaching $9.94. The company had a trading volume of 955,064 shares, compared to its average volume of 1,656,165. The Manitowoc has a 12-month low of $4.82 and a 12-month high of $10.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.68.
The Manitowoc (NYSE:MTW) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.11. The firm had revenue of $399.40 million during the quarter, compared to analysts’ expectations of $385.01 million. The Manitowoc had a negative return on equity of 6.17% and a negative net margin of 4.01%. The firm’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.28) earnings per share. sell-side analysts anticipate that The Manitowoc will post -0.15 earnings per share for the current fiscal year.
MTW has been the subject of a number of research analyst reports. BidaskClub cut The Manitowoc from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. SunTrust Banks, Inc. restated a “hold” rating and set a $7.00 target price on shares of The Manitowoc in a report on Friday, October 27th. Stifel Nicolaus raised their target price on The Manitowoc from $9.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Group LLC reiterated a “buy” rating on shares of The Manitowoc in a research note on Friday. Finally, Citigroup Inc. lifted their price objective on The Manitowoc from $8.50 to $10.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The Manitowoc has an average rating of “Hold” and an average price target of $8.97.
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About The Manitowoc
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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