Manitex International Inc (MNTX) Expected to Announce Earnings of $0.06 Per Share
Analysts expect that Manitex International Inc (NASDAQ:MNTX) will post earnings of $0.06 per share for the current quarter, according to Zacks. Two analysts have provided estimates for Manitex International’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.08. Manitex International reported earnings of $0.02 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 200%. The business is scheduled to issue its next earnings report on Monday, March 5th.
On average, analysts expect that Manitex International will report full-year earnings of $0.20 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.21. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.43 per share, with EPS estimates ranging from $0.42 to $0.44. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Manitex International.
A number of brokerages recently issued reports on MNTX. Zacks Investment Research cut shares of Manitex International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Roth Capital cut shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a report on Tuesday, November 7th.
Manitex International (NASDAQ:MNTX) opened at $9.52 on Monday. Manitex International has a 12-month low of $6.21 and a 12-month high of $10.00. The stock has a market cap of $157.62, a PE ratio of -3.81 and a beta of 2.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38.
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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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