Brokerages expect that Manitowoc Company Inc (NYSE:MTW) will announce $423.19 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Manitowoc’s earnings. The highest sales estimate is $446.04 million and the lowest is $404.70 million. Manitowoc posted sales of $378.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The firm is scheduled to report its next earnings report on Wednesday, February 7th.

On average, analysts expect that Manitowoc will report full-year sales of $423.19 million for the current fiscal year, with estimates ranging from $1.50 billion to $1.55 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.62 billion per share, with estimates ranging from $1.55 billion to $1.67 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Manitowoc.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.44. The business had revenue of $399.40 million for the quarter, compared to analysts’ expectations of $385.01 million. Manitowoc had a negative net margin of 4.01% and a negative return on equity of 6.17%. The business’s quarterly revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.12) earnings per share.

Several brokerages have recently issued reports on MTW. Deutsche Bank reissued a “hold” rating and set a $32.28 price target (up previously from $31.40) on shares of Manitowoc in a research report on Monday, October 9th. Robert W. Baird reissued a “buy” rating and set a $47.00 price target on shares of Manitowoc in a research report on Friday, November 24th. Zacks Investment Research cut shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Seaport Global Securities raised shares of Manitowoc from a “neutral” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Monday, November 20th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Manitowoc in a report on Friday, October 6th. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $39.64.

Shares of Manitowoc (MTW) traded down $0.85 on Friday, hitting $39.36. 507,153 shares of the stock traded hands, compared to its average volume of 403,200. The firm has a market capitalization of $1,414.73, a PE ratio of -22.88 and a beta of 1.44. Manitowoc has a 1-year low of $21.00 and a 1-year high of $42.12. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.67.

In other news, Director Charles David Myers bought 3,854 shares of Manitowoc stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average price of $39.12 per share, with a total value of $150,768.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.82% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in MTW. Schwab Charles Investment Management Inc. raised its holdings in Manitowoc by 7.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 568,164 shares of the industrial products company’s stock worth $3,415,000 after purchasing an additional 37,782 shares in the last quarter. Rhumbline Advisers grew its position in shares of Manitowoc by 1.1% during the second quarter. Rhumbline Advisers now owns 175,558 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 1,977 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Manitowoc by 646.0% during the second quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 16,065 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Manitowoc by 8.6% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 34,431 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Swiss National Bank grew its position in shares of Manitowoc by 6.5% during the second quarter. Swiss National Bank now owns 226,200 shares of the industrial products company’s stock worth $1,359,000 after acquiring an additional 13,900 shares during the last quarter.

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Manitowoc 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 (NYSE:MTW)

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