Manitowoc Company Inc (NYSE:MTW) – Equities research analysts at SunTrust Banks raised their Q3 2018 earnings per share (EPS) estimates for Manitowoc in a research report issued to clients and investors on Sunday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will earn $0.18 per share for the quarter, up from their prior estimate of $0.12. SunTrust Banks currently has a “Hold” rating and a $37.00 target price on the stock. SunTrust Banks also issued estimates for Manitowoc’s Q2 2019 earnings at $0.57 EPS, Q3 2019 earnings at $0.35 EPS and FY2019 earnings at $1.41 EPS.

A number of other equities analysts have also commented on the stock. Deutsche Bank lowered their price target on shares of Manitowoc from $44.00 to $36.00 and set a “hold” rating on the stock in a research report on Monday. Credit Suisse Group raised their price target on shares of Manitowoc from $36.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday. Stifel Nicolaus lowered their price target on shares of Manitowoc from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. lowered shares of Manitowoc from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $30.00 to $29.00 in a research report on Monday. Finally, Zacks Investment Research lowered shares of Manitowoc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $39.92.

Manitowoc (MTW) traded up $0.37 during trading hours on Tuesday, reaching $35.26. 65,802 shares of the company were exchanged, compared to its average volume of 720,471. Manitowoc has a 1-year low of $21.00 and a 1-year high of $44.03. The company has a market capitalization of $1,194.48, a price-to-earnings ratio of 167.90 and a beta of 1.35. 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 (NYSE:MTW) last released its quarterly earnings results on Thursday, February 8th. The industrial products company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). Manitowoc had a negative return on equity of 1.59% and a net margin of 0.59%. The business had revenue of $481.50 million for the quarter, compared to the consensus estimate of $423.27 million. During the same period in the prior year, the business posted ($0.24) earnings per share. Manitowoc’s revenue was up 27.3% compared to the same quarter last year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Cipher Capital LP acquired a new stake in shares of Manitowoc in the 3rd quarter valued at approximately $109,000. Invictus RG acquired a new stake in shares of Manitowoc in the 3rd quarter valued at approximately $124,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Manitowoc in the 4th quarter valued at approximately $129,000. Advisor Group Inc. boosted its stake in shares of Manitowoc by 2.4% in the 2nd quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 572 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Manitowoc by 14.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 30,051 shares of the industrial products company’s stock valued at $180,000 after purchasing an additional 3,733 shares in the last quarter.

In other news, SVP Thomas G. Musial sold 4,476 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $33.84, for a total value of $151,467.84. Following the sale, the senior vice president now directly owns 54,319 shares in the company, valued at approximately $1,838,154.96. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Charles David Myers purchased 3,854 shares of Manitowoc stock in a transaction dated Wednesday, November 29th. The stock was bought 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. Corporate insiders own 2.82% of the company’s stock.

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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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