Manitowoc (MTW) Set to Announce Earnings on Friday
Manitowoc (NYSE:MTW) is set to post its Q313 quarterly earnings results on Friday, October 25th. Analysts expect Manitowoc to post earnings of $0.32 per share and revenue of $1.04 billion for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Monday, July 29th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.10. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $0.32 earnings per share. Manitowoc’s revenue was up 5.0% compared to the same quarter last year. On average, analysts expect Manitowoc to post $1.19 EPS for the current fiscal year and $1.54 EPS for the next fiscal year.
Shares of Manitowoc (NYSE:MTW) opened at 19.53 on Thursday. Manitowoc has a 1-year low of $12.56 and a 1-year high of $21.50. The stock has a 50-day moving average of $20.43 and a 200-day moving average of $19.51. The company has a market cap of $2.608 billion and a price-to-earnings ratio of 21.11.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Manitowoc in a research note to investors on Tuesday. They now have a $20.00 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Manitowoc in a research note to investors on Thursday, September 5th. They set an “equal weight” rating and a $23.00 price target on the stock. Finally, analysts at Susquehanna downgraded shares of Manitowoc from a “positive” rating to a “neutral” rating in a research note to investors on Wednesday, July 31st. They now have a $22.00 price target on the stock, down previously from $23.00. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Manitowoc presently has an average rating of “Buy” and an average price target of $22.43.
The Manitowoc Company, Inc (NYSE:MTW) is a multi-industry, capital goods manufacturer.
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