Manitowoc Company Inc (NYSE:MTW) – Stock analysts at SunTrust Banks lowered their Q2 2019 EPS estimates for shares of Manitowoc in a report issued on Sunday, February 10th. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings per share of $0.52 for the quarter, down from their prior estimate of $0.57. SunTrust Banks also issued estimates for Manitowoc’s Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.55 EPS, FY2019 earnings at $1.48 EPS, Q2 2020 earnings at $0.68 EPS, Q3 2020 earnings at $0.47 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $2.08 EPS.
Several other equities analysts have also commented on MTW. ValuEngine lowered shares of Manitowoc from a “sell” rating to a “strong sell” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Manitowoc from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Wednesday, January 2nd. Royal Bank of Canada decreased their target price on shares of Manitowoc to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, November 7th. They noted that the move was a valuation call. Finally, TheStreet lowered shares of Manitowoc from a “c” rating to a “d+” rating in a report on Monday, November 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $29.33.
MTW stock opened at $15.95 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.69 and a current ratio of 1.75. Manitowoc has a 12 month low of $13.22 and a 12 month high of $35.85. The stock has a market capitalization of $558.76 million, a price-to-earnings ratio of 24.92 and a beta of 1.85.
Manitowoc (NYSE:MTW) last released its earnings results on Thursday, February 7th. The industrial products company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.05 by $0.11. Manitowoc had a negative net margin of 3.63% and a positive return on equity of 3.45%. The firm had revenue of $515.30 million for the quarter, compared to analyst estimates of $488.02 million. During the same period last year, the firm earned ($0.15) EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new stake in shares of Manitowoc during the 4th quarter valued at approximately $28,000. Bank of Montreal Can grew its holdings in shares of Manitowoc by 30.4% during the 4th quarter. Bank of Montreal Can now owns 2,864 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 668 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Manitowoc by 406.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 7,725 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 6,200 shares during the last quarter. TD Asset Management Inc. bought a new stake in shares of Manitowoc during the 4th quarter valued at approximately $255,000. Finally, Quantum Capital Management bought a new stake in shares of Manitowoc during the 3rd quarter valued at approximately $207,000. 83.16% of the stock is currently owned by institutional investors.
Manitowoc Company Profile
The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.
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