Manitex International, Inc. (NASDAQ:MNTX) – Research analysts at Seaport Global Securities lifted their Q2 2018 earnings per share (EPS) estimates for Manitex International in a note issued to investors on Friday. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will post earnings per share of $0.10 for the quarter, up from their prior forecast of $0.09. Seaport Global Securities also issued estimates for Manitex International’s FY2018 earnings at $0.44 EPS and FY2019 earnings at $0.55 EPS.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.08. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $44.35 million. Manitex International had a positive return on equity of 2.50% and a negative net margin of 15.69%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 earnings per share.

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Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Manitex International from a “buy” rating to a “sell” rating in a report on Friday. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a report on Monday, August 7th.

Shares of Manitex International (MNTX) opened at 8.87 on Monday. The firm has a 50-day moving average of $8.96 and a 200 day moving average of $7.71. The company’s market cap is $146.85 million. Manitex International has a 52 week low of $4.98 and a 52 week high of $9.89.

A number of institutional investors and hedge funds have recently made changes to their positions in MNTX. Shufro Rose & Co. LLC bought a new position in shares of Manitex International during the 2nd quarter valued at about $1,743,000. Kennedy Capital Management Inc. boosted its position in shares of Manitex International by 38.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 425,209 shares of the industrial products company’s stock valued at $2,968,000 after purchasing an additional 117,447 shares in the last quarter. Manatuck Hill Partners LLC bought a new position in shares of Manitex International during the 2nd quarter valued at about $524,000. Essex Investment Management Co. LLC boosted its position in shares of Manitex International by 37.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 237,669 shares of the industrial products company’s stock valued at $1,659,000 after purchasing an additional 64,445 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of Manitex International by 11.1% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 551,254 shares of the industrial products company’s stock valued at $3,848,000 after purchasing an additional 55,120 shares in the last quarter. Hedge funds and other institutional investors own 60.72% 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.

Earnings History and Estimates for Manitex International (NASDAQ:MNTX)

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