Analysts expect Manitowoc Company, Inc. (The) (NYSE:MTW) to announce earnings per share of ($0.07) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Manitowoc Company, Inc. (The)’s earnings. The highest EPS estimate is $0.01 and the lowest is ($0.26). Manitowoc Company, Inc. (The) posted earnings per share of ($0.28) in the same quarter last year, which would suggest a positive year-over-year growth rate of 75%. The business is expected to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Manitowoc Company, Inc. (The) will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.20) to ($0.09). For the next year, analysts forecast that the business will post earnings of $0.06 per share, with EPS estimates ranging from ($0.02) to $0.15. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Manitowoc Company, Inc. (The).

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The firm had revenue of $394.60 million during the quarter, compared to the consensus estimate of $396.44 million. During the same period last year, the company earned $0.03 earnings per share. The business’s revenue was down 13.8% compared to the same quarter last year.

Several analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $9.50 price objective (up from $8.00) on shares of Manitowoc Company, Inc. (The) in a research note on Wednesday, August 9th. Deutsche Bank AG increased their price objective on Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the stock a “hold” rating in a research note on Wednesday, August 9th. TheStreet raised Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research note on Monday, August 7th. Credit Suisse Group increased their price objective on Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. Finally, UBS AG reissued a “neutral” rating and issued a $8.00 price objective (up from $6.00) on shares of Manitowoc Company, Inc. (The) in a research note on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Manitowoc Company, Inc. (The) has a consensus rating of “Hold” and an average price target of $6.99.

Shares of Manitowoc Company, Inc. (MTW) traded down 0.13% on Wednesday, hitting $7.95. The stock had a trading volume of 1,067,520 shares. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $8.40. The company’s market capitalization is $1.12 billion. The company has a 50-day moving average of $6.39 and a 200 day moving average of $6.09.

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Several institutional investors have recently added to or reduced their stakes in MTW. Annex Advisory Services LLC raised its position in Manitowoc Company, Inc. (The) by 22.3% in the second quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock valued at $104,000 after buying an additional 3,158 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Manitowoc Company, Inc. (The) by 646.0% in the second quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock valued at $111,000 after buying an additional 16,065 shares during the period. Leavell Investment Management Inc. raised its position in shares of Manitowoc Company, Inc. (The) by 37.3% in the first quarter. Leavell Investment Management Inc. now owns 21,386 shares of the industrial products company’s stock valued at $122,000 after buying an additional 5,805 shares during the period. JPMorgan Chase & Co. raised its position in shares of Manitowoc Company, Inc. (The) by 704.5% in the first quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock valued at $130,000 after buying an additional 20,056 shares during the period. Finally, Advisor Group Inc. raised its position in shares of Manitowoc Company, Inc. (The) by 2.4% in the second quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock valued at $145,000 after buying an additional 572 shares during the period. 79.11% of the stock is owned by institutional investors.

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.

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

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