Seaport Global Securities Research Analysts Lower Earnings Estimates for Manitex International Inc (MNTX)

Manitex International Inc (NASDAQ:MNTX) – Research analysts at Seaport Global Securities decreased their FY2017 earnings estimates for shares of Manitex International in a research report issued on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings of $0.20 per share for the year, down from their previous forecast of $0.21. Seaport Global Securities also issued estimates for Manitex International’s Q4 2017 earnings at $0.05 EPS, Q1 2018 earnings at $0.08 EPS, Q2 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.17 EPS, FY2018 earnings at $0.46 EPS and FY2019 earnings at $0.62 EPS.

MNTX has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective for the company in a report on Wednesday, December 20th. Roth Capital lowered shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a report on Tuesday, November 7th.

Shares of Manitex International (MNTX) opened at $11.68 on Thursday. The firm has a market cap of $173.18, a P/E ratio of 58.11 and a beta of 1.75. The company has a quick ratio of 0.64, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Manitex International has a 1-year low of $6.21 and a 1-year high of $11.70.

Institutional investors and hedge funds have recently made changes to their positions in the company. Allianz Asset Management GmbH bought a new stake in shares of Manitex International in the 3rd quarter worth approximately $996,000. Shufro Rose & Co. LLC lifted its holdings in shares of Manitex International by 11.8% in the 3rd quarter. Shufro Rose & Co. LLC now owns 279,200 shares of the industrial products company’s stock worth $2,507,000 after acquiring an additional 29,500 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in Manitex International during the 3rd quarter valued at $702,000. Granahan Investment Management Inc. MA raised its holdings in Manitex International by 152.2% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 82,601 shares of the industrial products company’s stock valued at $742,000 after buying an additional 49,845 shares during the last quarter. Finally, Cortina Asset Management LLC raised its holdings in Manitex International by 16.4% during the 3rd quarter. Cortina Asset Management LLC now owns 764,091 shares of the industrial products company’s stock valued at $6,862,000 after buying an additional 107,707 shares during the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another website, it was stolen and reposted in violation of United States & international trademark and copyright law. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/08/seaport-global-securities-research-analysts-lower-earnings-estimates-for-manitex-international-inc-mntx.html.

Manitex International Company Profile

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.

Receive News & Ratings for Manitex International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply