Brokerages expect that Manitowoc Company Inc (NYSE:MTW) will announce earnings per share (EPS) of ($0.14) for the current quarter, according to Zacks. Five analysts have made estimates for Manitowoc’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.33). Manitowoc reported earnings of $0.94 per share in the same quarter last year, which suggests a negative year over year growth rate of 114.9%. The business is scheduled to report its next quarterly earnings report on Thursday, August 13th.

According to Zacks, analysts expect that Manitowoc will report full-year earnings of ($0.73) per share for the current financial year, with EPS estimates ranging from ($1.11) to $0.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.39 per share, with EPS estimates ranging from ($0.19) to $0.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Manitowoc.

Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Thursday, May 7th. The industrial products company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The company had revenue of $329.20 million during the quarter, compared to the consensus estimate of $353.73 million. Manitowoc had a return on equity of 9.41% and a net margin of 3.75%. The company’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period last year, the firm posted $0.08 EPS.

A number of equities research analysts have issued reports on MTW shares. Credit Suisse Group lowered their target price on shares of Manitowoc from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Goldman Sachs Group cut shares of Manitowoc from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $11.00 in a report on Monday, April 20th. TheStreet raised shares of Manitowoc from a “d+” rating to a “c-” rating in a report on Friday. ValuEngine raised shares of Manitowoc from a “sell” rating to a “hold” rating in a report on Monday, June 1st. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Manitowoc in a report on Sunday, May 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $14.43.

Institutional investors have recently added to or reduced their stakes in the company. Schneider Capital Management Corp increased its holdings in shares of Manitowoc by 1.4% in the first quarter. Schneider Capital Management Corp now owns 549,911 shares of the industrial products company’s stock worth $4,674,000 after purchasing an additional 7,624 shares during the period. BNP Paribas Arbitrage SA grew its position in Manitowoc by 1,291.9% in the first quarter. BNP Paribas Arbitrage SA now owns 130,867 shares of the industrial products company’s stock worth $1,112,000 after acquiring an additional 121,465 shares in the last quarter. Marshall Wace North America L.P. grew its position in Manitowoc by 142.0% in the fourth quarter. Marshall Wace North America L.P. now owns 30,249 shares of the industrial products company’s stock worth $529,000 after acquiring an additional 17,750 shares in the last quarter. Oxford Asset Management LLP purchased a new position in Manitowoc in the fourth quarter worth $392,000. Finally, Two Sigma Investments LP grew its position in Manitowoc by 24.6% in the first quarter. Two Sigma Investments LP now owns 145,711 shares of the industrial products company’s stock worth $1,239,000 after acquiring an additional 28,731 shares in the last quarter. 75.55% of the stock is currently owned by hedge funds and other institutional investors.

MTW stock traded down $0.12 during midday trading on Tuesday, reaching $10.88. 263,905 shares of the company’s stock traded hands, compared to its average volume of 505,442. The company has a 50-day moving average price of $10.09 and a two-hundred day moving average price of $11.96. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.70 and a current ratio of 1.91. Manitowoc has a 52 week low of $7.24 and a 52 week high of $18.55. The firm has a market capitalization of $361.30 million, a PE ratio of 5.91 and a beta of 1.98.

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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