Manitowoc (NYSE:MTW) Issues FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.450-0.900 for the period, compared to the consensus estimate of 0.770. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Barclays decreased their price target on Manitowoc from $13.00 to $11.00 and set an “underweight” rating for the company in a report on Wednesday, April 1st. Wall Street Zen lowered Manitowoc from a “strong-buy” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and issued a $10.00 price target (up from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Strong Sell” and an average target price of $10.50.

Manitowoc Price Performance

Shares of Manitowoc stock traded up $0.55 on Thursday, hitting $13.83. The company’s stock had a trading volume of 85,968 shares, compared to its average volume of 255,060. The company has a quick ratio of 0.84, a current ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a fifty day moving average price of $12.89 and a 200-day moving average price of $12.62. Manitowoc has a 52-week low of $8.73 and a 52-week high of $15.56. The company has a market capitalization of $496.61 million, a P/E ratio of 69.17 and a beta of 1.81.

Manitowoc (NYSE:MTW) last released its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.17). Manitowoc had a return on equity of 1.85% and a net margin of 0.33%.The company had revenue of $494.60 million during the quarter, compared to analyst estimates of $517.00 million. During the same period last year, the firm earned ($0.16) earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities research analysts expect that Manitowoc will post 0.68 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. IES Holdings Inc. acquired a new position in Manitowoc during the 4th quarter valued at about $14,688,000. Charles Schwab Investment Management Inc. increased its stake in Manitowoc by 28.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after purchasing an additional 222,858 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Manitowoc by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock valued at $4,090,000 after buying an additional 206,313 shares in the last quarter. UBS Group AG boosted its holdings in shares of Manitowoc by 86.2% in the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock valued at $3,844,000 after buying an additional 177,823 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Manitowoc by 56.4% during the second quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company’s stock worth $4,465,000 after acquiring an additional 134,013 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.