Manitex International (NASDAQ:MNTX) will be posting its quarterly earnings results after the market closes on Thursday, November 1st. Analysts expect Manitex International to post earnings of $0.10 per share for the quarter.
Manitex International (NASDAQ:MNTX) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The firm had revenue of $63.90 million during the quarter, compared to the consensus estimate of $62.05 million. Manitex International had a negative net margin of 1.98% and a positive return on equity of 6.07%. On average, analysts expect Manitex International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
MNTX opened at $8.61 on Wednesday. The firm has a market capitalization of $167.64 million, a P/E ratio of 29.64 and a beta of 1.28. Manitex International has a 1 year low of $7.28 and a 1 year high of $13.26. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.54.
In related news, Director Robert S. Gigliotti sold 4,400 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $11.71, for a total value of $51,524.00. Following the completion of the sale, the director now directly owns 83,750 shares in the company, valued at approximately $980,712.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.78% of the company’s stock.
A hedge fund recently raised its stake in Manitex International stock. Bank of New York Mellon Corp raised its stake in Manitex International Inc (NASDAQ:MNTX) by 82.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,971 shares of the industrial products company’s stock after acquiring an additional 27,949 shares during the period. Bank of New York Mellon Corp owned approximately 0.32% of Manitex International worth $773,000 at the end of the most recent quarter. 56.41% of the stock is currently owned by institutional investors and hedge funds.
About Manitex International
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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