Manitex International Inc. (NASDAQ:MNTX) – Stock analysts at Roth Capital boosted their FY2016 earnings estimates for Manitex International in a research note issued to investors on Wednesday. Roth Capital analyst M. Koranda now expects that the brokerage will earn ($0.01) per share for the year, up from their prior estimate of ($0.04). Roth Capital currently has a “Buy” rating and a $7.50 target price on the stock. Roth Capital also issued estimates for Manitex International’s Q4 2016 earnings at ($0.10) EPS, Q1 2017 earnings at ($0.09) EPS, Q2 2017 earnings at ($0.04) EPS and FY2017 earnings at ($0.08) EPS.

Separately, Zacks Investment Research upgraded Manitex International from a “sell” rating to a “hold” rating in a research report on Friday, November 11th.

Earnings History and Estimates for Manitex International (NASDAQ:MNTX)

Shares of Manitex International (NASDAQ:MNTX) opened at 5.76 on Friday. Manitex International has a 12 month low of $4.25 and a 12 month high of $7.68. The company’s market cap is $93.20 million. The company’s 50-day moving average price is $5.37 and its 200-day moving average price is $6.22.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. Manitex International had a negative return on equity of 0.22% and a negative net margin of 7.20%. The company had revenue of $74.13 million for the quarter, compared to the consensus estimate of $83.55 million. During the same quarter last year, the company earned ($0.04) earnings per share. The firm’s revenue for the quarter was down 12.3% compared to the same quarter last year.

Several large investors have recently bought and sold shares of MNTX. Rutabaga Capital Management LLC MA increased its stake in Manitex International by 58.9% in the third quarter. Rutabaga Capital Management LLC MA now owns 1,409,041 shares of the company’s stock valued at $7,820,000 after buying an additional 522,032 shares in the last quarter. WealthTrust Axiom LLC increased its stake in Manitex International by 11.4% in the third quarter. WealthTrust Axiom LLC now owns 571,235 shares of the company’s stock valued at $3,147,000 after buying an additional 58,676 shares in the last quarter. Vanguard Group Inc. increased its stake in Manitex International by 4.2% in the second quarter. Vanguard Group Inc. now owns 455,503 shares of the company’s stock valued at $3,156,000 after buying an additional 18,161 shares in the last quarter. Wells Fargo & Company MN increased its stake in Manitex International by 5.3% in the third quarter. Wells Fargo & Company MN now owns 376,258 shares of the company’s stock valued at $2,073,000 after buying an additional 18,965 shares in the last quarter. Finally, Morgan Stanley increased its stake in Manitex International by 3.8% in the third quarter. Morgan Stanley now owns 364,933 shares of the company’s stock valued at $2,011,000 after buying an additional 13,515 shares in the last quarter. Hedge funds and other institutional investors own 57.57% of the company’s stock.

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.

5 Day Chart for NASDAQ:MNTX

Receive News & Stock Ratings for Manitex International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International Inc. and related stocks with our FREE daily email newsletter.