Manitowoc Company, Inc. (The) (MTW) to Release Quarterly Earnings on Monday
Manitowoc Company, Inc. (The) (NYSE:MTW) is scheduled to be announcing its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.
Manitowoc Company, Inc. (The) (NYSE:MTW) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The business had revenue of $394.60 million during the quarter, compared to analyst estimates of $396.44 million. Manitowoc Company, Inc. (The) had a negative net margin of 14.63% and a negative return on equity of 14.85%. The company’s quarterly revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. On average, analysts expect Manitowoc Company, Inc. (The) to post $-0.14 EPS for the current fiscal year and $0.10 EPS for the next fiscal year.
Shares of Manitowoc Company, Inc. (NYSE MTW) traded down 0.67% during trading on Monday, hitting $8.91. 250,133 shares of the company traded hands. Manitowoc Company, Inc. has a 52-week low of $3.65 and a 52-week high of $9.97. The company has a 50-day moving average of $8.68 and a 200-day moving average of $6.85. The stock’s market capitalization is $1.25 billion.
MTW has been the subject of several recent analyst reports. Jefferies Group LLC restated a “buy” rating and set a $10.50 target price on shares of Manitowoc Company, Inc. (The) in a research note on Friday, October 6th. Zacks Investment Research cut Manitowoc Company, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Robert W. Baird upgraded Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $6.00 to $10.00 in a research note on Wednesday, August 2nd. Deutsche Bank AG boosted their target price 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. Finally, Citigroup Inc. boosted their target price on Manitowoc Company, Inc. (The) from $8.50 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, October 13th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.31.
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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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