Manitex International, Inc. (NASDAQ:MNTX) Forecasted to Earn Q2 2018 Earnings of $0.09 Per Share
Manitex International, Inc. (NASDAQ:MNTX) – Equities research analysts at Seaport Global Securities issued their Q2 2018 EPS estimates for Manitex International in a note issued to investors on Friday. Seaport Global Securities analyst M. Shlisky expects that the industrial products company will post earnings of $0.09 per share for the quarter. Seaport Global Securities also issued estimates for Manitex International’s Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.42 EPS and FY2019 earnings at $0.53 EPS.
Several other research firms also recently issued reports on MNTX. ValuEngine downgraded shares of Manitex International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Roth Capital set a $10.00 price objective on shares of Manitex International and gave the stock a “buy” rating in a research note on Thursday, June 8th.
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Manitex International (MNTX) opened at 8.09 on Monday. The company’s 50 day moving average is $7.03 and its 200-day moving average is $7.41. The stock’s market cap is $133.91 million. Manitex International has a 52-week low of $4.98 and a 52-week high of $9.89.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.08. The firm had revenue of $51.60 million during the quarter, compared to analysts’ expectations of $44.35 million. Manitex International had a negative net margin of 15.69% and a positive return on equity of 2.31%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS.
A number of large investors have recently added to or reduced their stakes in MNTX. WealthTrust Axiom LLC increased its stake in Manitex International by 5.6% in the second quarter. WealthTrust Axiom LLC now owns 877,137 shares of the industrial products company’s stock valued at $6,122,000 after buying an additional 46,875 shares in the last quarter. Boston Partners increased its stake in Manitex International by 41.5% in the first quarter. Boston Partners now owns 530,789 shares of the industrial products company’s stock valued at $3,556,000 after buying an additional 155,704 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Manitex International by 19.9% in the first quarter. Pacific Ridge Capital Partners LLC now owns 496,134 shares of the industrial products company’s stock valued at $3,324,000 after buying an additional 82,259 shares in the last quarter. Morgan Stanley increased its stake in Manitex International by 2.6% in the first quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock valued at $2,673,000 after buying an additional 9,980 shares in the last quarter. Finally, Next Century Growth Investors LLC acquired a new stake in Manitex International during the first quarter valued at about $1,761,000. Institutional investors own 66.06% of the company’s stock.
About Manitex International
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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