Equities research analysts expect Manitowoc Company, Inc. (The) (NYSE:MTW) to post earnings per share of ($0.04) for the current quarter, according to Zacks. Eight analysts have made estimates for Manitowoc Company, Inc. (The)’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at $0.01. Manitowoc Company, Inc. (The) reported earnings per share of ($0.28) in the same quarter last year, which indicates a positive year over year growth rate of 85.7%. The company is expected to issue its next quarterly earnings results on Tuesday, November 7th.

On average, analysts expect that Manitowoc Company, Inc. (The) will report full year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.20) to ($0.11). For the next financial year, analysts anticipate that the business will report earnings of $0.06 per share, with EPS estimates ranging from ($0.06) to $0.15. Zacks’ EPS averages are an average based on a survey of research analysts that cover Manitowoc Company, Inc. (The).

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

MTW has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $8.00 price objective on shares of Manitowoc Company, Inc. (The) in a research note on Friday, June 16th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of Manitowoc Company, Inc. (The) from a “hold” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Monday, September 11th. TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research note on Monday, August 7th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $6.25 price objective on shares of Manitowoc Company, Inc. (The) in a research note on Tuesday, July 4th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Manitowoc Company, Inc. (The) has a consensus rating of “Hold” and a consensus target price of $7.46.

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Several hedge funds have recently added to or reduced their stakes in MTW. Nationwide Fund Advisors boosted its holdings in Manitowoc Company, Inc. (The) by 1.7% in the first quarter. Nationwide Fund Advisors now owns 104,384 shares of the industrial products company’s stock worth $595,000 after purchasing an additional 1,783 shares during the period. Bank of New York Mellon Corp boosted its holdings in Manitowoc Company, Inc. (The) by 6.6% in the first quarter. Bank of New York Mellon Corp now owns 729,204 shares of the industrial products company’s stock worth $4,155,000 after purchasing an additional 45,461 shares during the period. Karp Capital Management Corp acquired a new position in Manitowoc Company, Inc. (The) in the first quarter worth $161,000. Ameriprise Financial Inc. boosted its holdings in Manitowoc Company, Inc. (The) by 8.7% in the first quarter. Ameriprise Financial Inc. now owns 26,318 shares of the industrial products company’s stock worth $150,000 after purchasing an additional 2,117 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Manitowoc Company, Inc. (The) by 1.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 41,085 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 406 shares during the period. 80.98% of the stock is owned by institutional investors and hedge funds.

Manitowoc Company, Inc. (NYSE:MTW) traded down 1.39% on Wednesday, reaching $9.22. 909,072 shares of the company’s stock traded hands. Manitowoc Company, Inc. has a 52 week low of $3.65 and a 52 week high of $9.97. The stock has a 50-day moving average of $8.40 and a 200 day moving average of $6.66. The firm’s market capitalization is $1.30 billion.

Manitowoc Company, Inc. (The) Company Profile

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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