Manitowoc (NYSE:MTW) issued its quarterly earnings results on Thursday. The industrial products company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11), Bloomberg Earnings reports. The company had revenue of $481.50 million during the quarter, compared to the consensus estimate of $423.27 million. Manitowoc had a negative return on equity of 6.17% and a negative net margin of 4.01%. The firm’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) earnings per share.
Manitowoc (NYSE:MTW) traded down $2.28 during trading hours on Thursday, hitting $34.39. The stock had a trading volume of 872,260 shares, compared to its average volume of 600,647. Manitowoc has a fifty-two week low of $21.00 and a fifty-two week high of $44.03. The company has a market capitalization of $1,210.00, a P/E ratio of -25.10 and a beta of 1.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.67 and a current ratio of 1.76.
In other Manitowoc news, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was acquired at an average cost of $39.12 per share, for a total transaction of $150,768.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.82% of the stock is currently owned by company insiders.
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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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