Manitowoc Company, Inc. (The) (MTW) Forecasted to Post FY2018 Earnings of $0.05 Per Share

Manitowoc Company, Inc. (The) (NYSE:MTW) – William Blair lifted their FY2018 earnings estimates for Manitowoc Company, Inc. (The) in a research report issued on Tuesday. William Blair analyst L. De. Maria now anticipates that the industrial products company will post earnings of $0.05 per share for the year, up from their previous forecast of $0.03.

MTW has been the subject of a number of other research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $10.50 target price on shares of Manitowoc Company, Inc. (The) in a research report on Friday, October 6th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $7.00 target price on shares of Manitowoc Company, Inc. (The) in a research report on Friday, October 27th. Zacks Investment Research lowered shares of Manitowoc Company, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird upgraded shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $6.00 to $10.00 in a research report on Wednesday, August 2nd. Finally, Deutsche Bank AG raised their price objective on shares of Manitowoc Company, Inc. (The) from $5.81 to $7.85 and gave the company a “hold” rating in a research report on Wednesday, August 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.97.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/11/manitowoc-company-inc-the-mtw-forecasted-to-post-fy2018-earnings-of-0-05-per-share.html.

Shares of Manitowoc Company, Inc. (MTW) traded up $0.08 on Thursday, reaching $9.94. 956,200 shares of the company were exchanged, compared to its average volume of 1,656,171. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.68. Manitowoc Company, Inc. has a 12-month low of $4.82 and a 12-month high of $10.53.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.11. The firm had revenue of $399.40 million during the quarter, compared to analyst estimates of $385.01 million. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. Manitowoc Company, Inc. (The)’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.28) EPS.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Trexquant Investment LP purchased a new stake in shares of Manitowoc Company, Inc. (The) in the third quarter worth approximately $839,000. JPMorgan Chase & Co. lifted its position in shares of Manitowoc Company, Inc. (The) by 6,356.7% in the third quarter. JPMorgan Chase & Co. now owns 241,932 shares of the industrial products company’s stock worth $2,172,000 after purchasing an additional 238,185 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Manitowoc Company, Inc. (The) by 50.0% in the third quarter. Legal & General Group Plc now owns 59,156 shares of the industrial products company’s stock worth $533,000 after purchasing an additional 19,707 shares in the last quarter. American International Group Inc. lifted its position in shares of Manitowoc Company, Inc. (The) by 8.1% in the third quarter. American International Group Inc. now owns 85,512 shares of the industrial products company’s stock worth $770,000 after purchasing an additional 6,393 shares in the last quarter. Finally, Cipher Capital LP purchased a new stake in shares of Manitowoc Company, Inc. (The) in the third quarter worth approximately $109,000. 80.53% of the stock is owned by institutional investors and hedge funds.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Earnings History and Estimates for Manitowoc Company, Inc. (The) (NYSE:MTW)

Receive News & Ratings for Manitowoc Company Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc Company Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply