Manitowoc Company Inc (NYSE:MTW) – Analysts at Seaport Global Securities dropped their Q1 2018 earnings per share estimates for shares of Manitowoc in a research note issued to investors on Monday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will post earnings of ($0.17) per share for the quarter, down from their previous estimate of $0.12. Seaport Global Securities currently has a “Buy” rating and a $48.00 target price on the stock. Seaport Global Securities also issued estimates for Manitowoc’s Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $0.50 EPS and FY2019 earnings at $1.51 EPS.

Manitowoc (NYSE:MTW) last released its earnings results on Thursday, February 8th. The industrial products company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). The firm had revenue of $481.50 million during the quarter, compared to analyst estimates of $423.27 million. Manitowoc had a negative return on equity of 1.59% and a net margin of 0.59%. The firm’s revenue was up 27.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.24) EPS.

A number of other equities research analysts also recently commented on MTW. SunTrust Banks reiterated a “hold” rating and set a $28.00 price target on shares of Manitowoc in a report on Friday, October 27th. Royal Bank of Canada raised shares of Manitowoc from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $30.00 to $48.00 in a research report on Wednesday, November 1st. Stifel Nicolaus raised their target price on shares of Manitowoc from $36.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Jefferies Group reissued a “buy” rating on shares of Manitowoc in a research report on Friday, November 10th. Finally, Robert W. Baird reissued a “buy” rating and issued a $47.00 target price on shares of Manitowoc in a research report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.92.

Manitowoc (NYSE MTW) opened at $34.89 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 0.67 and a debt-to-equity ratio of 0.44. Manitowoc has a twelve month low of $21.00 and a twelve month high of $44.03. The firm has a market cap of $1,230.00, a PE ratio of 139.56 and a beta of 1.46.

In other news, SVP Thomas G. Musial sold 4,476 shares of Manitowoc stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $33.84, for a total transaction of $151,467.84. Following the sale, the senior vice president now owns 54,319 shares in the company, valued at $1,838,154.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles David Myers acquired 3,854 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were purchased at an average price of $39.12 per share, for a total transaction of $150,768.48. The disclosure for this purchase can be found here. Insiders own 2.82% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new stake in shares of Manitowoc during the fourth quarter valued at approximately $129,000. Jefferies Group LLC purchased a new stake in shares of Manitowoc during the fourth quarter valued at approximately $225,000. Allianz Asset Management GmbH purchased a new stake in shares of Manitowoc during the fourth quarter valued at approximately $227,000. AMP Capital Investors Ltd purchased a new stake in shares of Manitowoc during the fourth quarter valued at approximately $252,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Manitowoc during the fourth quarter valued at approximately $448,000.

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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.

Earnings History and Estimates for Manitowoc (NYSE:MTW)

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