Manitex International (MNTX) Set to Announce Earnings on Wednesday
Manitex International (NASDAQ:MNTX) will be releasing its Q214 earnings data on Wednesday, August 6th. Analysts expect Manitex International to post earnings of $0.25 per share and revenue of $72.17 million for the quarter.
Shares of Manitex International (NASDAQ:MNTX) traded up 0.84% during mid-day trading on Tuesday, hitting $14.3499. 4,469 shares of the company’s stock traded hands. Manitex International has a one year low of $10.00 and a one year high of $17.85. The stock’s 50-day moving average is $15.88 and its 200-day moving average is $15.82. The company has a market cap of $198.3 million and a price-to-earnings ratio of 18.39.
A number of analysts have recently weighed in on MNTX shares. Analysts at ISI Group raised their price target on shares of Manitex International to $20.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. Analysts at Singular Research raised their price target on shares of Manitex International from $19.50 to $20.00 in a research note on Thursday, May 29th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Manitex International currently has an average rating of “Buy” and a consensus target price of $17.70.
Manitex International, Inc is engaged in providing engineered lifting solutions. The Company operates in two segments: Lifting Equipment segment and Equipment Distribution segment.
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