Q2 2024 EPS Estimates for Manitex International, Inc. (NASDAQ:MNTX) Reduced by Analyst

Manitex International, Inc. (NASDAQ:MNTX) – Northland Capmk reduced their Q2 2024 EPS estimates for Manitex International in a research note issued on Friday, May 3rd. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings per share of $0.08 for the quarter, down from their prior estimate of $0.11. The consensus estimate for Manitex International’s current full-year earnings is $0.35 per share. Northland Capmk also issued estimates for Manitex International’s Q3 2024 earnings at $0.05 EPS, FY2025 earnings at $0.44 EPS, FY2026 earnings at $0.56 EPS and FY2027 earnings at $0.67 EPS.

Separately, StockNews.com raised shares of Manitex International from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th.

Manitex International Stock Performance

NASDAQ:MNTX opened at $7.60 on Monday. The firm has a market capitalization of $154.74 million, a PE ratio of 16.17 and a beta of 0.86. The stock’s fifty day moving average is $6.32 and its 200 day moving average is $6.74. Manitex International has a fifty-two week low of $3.72 and a fifty-two week high of $9.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.68 and a current ratio of 1.57.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $78.65 million for the quarter, compared to the consensus estimate of $74.83 million. Manitex International had a return on equity of 19.42% and a net margin of 3.23%.

Hedge Funds Weigh In On Manitex International

Hedge funds have recently bought and sold shares of the business. First Eagle Investment Management LLC increased its position in shares of Manitex International by 16.3% during the third quarter. First Eagle Investment Management LLC now owns 301,084 shares of the industrial products company’s stock worth $1,406,000 after acquiring an additional 42,261 shares during the period. Kennedy Capital Management LLC increased its holdings in Manitex International by 2.3% during the 3rd quarter. Kennedy Capital Management LLC now owns 315,641 shares of the industrial products company’s stock worth $1,474,000 after purchasing an additional 7,123 shares during the period. Ritholtz Wealth Management bought a new stake in Manitex International during the 4th quarter valued at $111,000. My Personal CFO LLC purchased a new stake in shares of Manitex International in the 4th quarter worth $87,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Manitex International during the 4th quarter worth $27,000. Institutional investors own 46.01% of the company’s stock.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.