Q3 2017 EPS Estimates for Manitex International Inc. Decreased by Roth Capital (MNTX)
Manitex International Inc. (NASDAQ:MNTX) – Investment analysts at Roth Capital cut their Q3 2017 earnings per share estimates for Manitex International in a research note issued on Wednesday. Roth Capital analyst M. Koranda now expects that the brokerage will earn $0.00 per share for the quarter, down from their prior estimate of $0.03. Roth Capital has a “Buy” rating and a $7.50 price objective on the stock. Roth Capital also issued estimates for Manitex International’s FY2018 earnings at $0.09 EPS.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Wednesday, November 9th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The company had revenue of $74.13 million for the quarter, compared to the consensus estimate of $83.55 million. Manitex International had a negative return on equity of 0.22% and a negative net margin of 7.20%. Manitex International’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS.
Separately, Zacks Investment Research downgraded Manitex International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th.
Manitex International (NASDAQ:MNTX) opened at 5.65 on Thursday. The firm has a 50-day moving average price of $5.37 and a 200 day moving average price of $6.22. Manitex International has a 12 month low of $4.25 and a 12 month high of $7.68. The company’s market cap is $91.11 million.
Large investors have recently modified their holdings of the stock. KCG Holdings Inc. bought a new position in Manitex International during the third quarter worth about $105,000. Paradigm Asset Management Co. LLC increased its stake in shares of Manitex International by 2.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 17,800 shares of the company’s stock worth $123,000 after buying an additional 400 shares during the period. A.R.T. Advisors LLC acquired a new stake in shares of Manitex International during the second quarter worth about $124,000. Bank of New York Mellon Corp increased its stake in shares of Manitex International by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 17,788 shares of the company’s stock worth $124,000 after buying an additional 79 shares during the period. Finally, Oxford Asset Management acquired a new stake in shares of Manitex International during the second quarter worth about $222,000. 57.57% of the stock is owned by institutional investors and hedge funds.
About Manitex International
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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