Manitowoc (MTW) Scheduled to Post Earnings on Tuesday

Manitowoc (NYSE:MTW) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.14). The company had revenue of $595.80 million for the quarter, compared to analyst estimates of $583.90 million. Manitowoc had a return on equity of 9.44% and a net margin of 1.76%. Manitowoc’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.74 earnings per share. On average, analysts expect Manitowoc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitowoc Stock Down 0.3 %

Manitowoc stock opened at $12.43 on Friday. Manitowoc has a 12 month low of $11.73 and a 12 month high of $19.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.83 and a quick ratio of 0.65. The business has a 50 day simple moving average of $13.30 and a 200-day simple moving average of $14.46. The stock has a market capitalization of $441.02 million, a PE ratio of 11.40 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTW. StockNews.com downgraded shares of Manitowoc from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company lowered their price objective on Manitowoc from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, February 16th. Barclays lowered their target price on shares of Manitowoc from $15.00 to $12.00 and set an “underweight” rating for the company in a report on Monday, April 22nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Manitowoc from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, Manitowoc has a consensus rating of “Hold” and a consensus target price of $16.83.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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 hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.