Analysts predict that Manitowoc Company Inc (NYSE:MTW) will announce earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Five analysts have made estimates for Manitowoc’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.43. Manitowoc posted earnings per share of $0.20 during the same quarter last year, which indicates a positive year-over-year growth rate of 90%. The company is scheduled to report its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Manitowoc will report full-year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.30 to $1.56. For the next fiscal year, analysts expect that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.65 to $2.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Manitowoc.

Manitowoc (NYSE:MTW) last released its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.42. The company had revenue of $504.70 million for the quarter, compared to analyst estimates of $509.51 million. Manitowoc had a negative net margin of 2.52% and a positive return on equity of 7.97%. Manitowoc’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS.

Several research analysts have recently weighed in on MTW shares. Robert W. Baird lowered shares of Manitowoc from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $22.00 to $19.00 in a research note on Monday. ValuEngine lowered shares of Manitowoc from a “sell” rating to a “strong sell” rating in a research note on Friday, May 10th. Royal Bank of Canada restated a “hold” rating and set a $20.00 price objective on shares of Manitowoc in a research note on Tuesday. Finally, Zacks Investment Research downgraded shares of Manitowoc from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a report on Tuesday. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.67.

Shares of Manitowoc stock traded up $0.25 during trading on Thursday, hitting $16.03. 302,312 shares of the stock were exchanged, compared to its average volume of 429,455. The firm has a market cap of $581.23 million, a PE ratio of 25.05 and a beta of 2.11. The stock has a fifty day moving average of $17.20. Manitowoc has a 1-year low of $13.22 and a 1-year high of $26.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.76 and a quick ratio of 0.69.

In related news, CFO David J. Antoniuk sold 6,014 shares of Manitowoc stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $13.96, for a total transaction of $83,955.44. Following the completion of the sale, the chief financial officer now owns 37,544 shares of the company’s stock, valued at approximately $524,114.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Manitowoc by 20.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,695 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 800 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Manitowoc by 297.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,177 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 6,121 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Manitowoc by 12.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 8,725 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC bought a new stake in Manitowoc in the 1st quarter valued at about $153,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Manitowoc by 264.5% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 9,593 shares of the industrial products company’s stock valued at $170,000 after purchasing an additional 6,961 shares during the period. 78.56% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Manitowoc (NYSE:MTW)

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