Manitowoc Company, Inc. (The) (NYSE:MTW) – Equities researchers at Seaport Global Securities increased their FY2017 earnings per share (EPS) estimates for shares of Manitowoc Company, Inc. (The) in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now anticipates that the industrial products company will earn ($0.07) per share for the year, up from their prior forecast of ($0.15). Seaport Global Securities also issued estimates for Manitowoc Company, Inc. (The)’s Q4 2017 earnings at ($0.04) EPS, Q3 2018 earnings at $0.02 EPS and FY2018 earnings at $0.08 EPS.

Manitowoc Company, Inc. (The) (NYSE:MTW) last issued its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.11. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. The company had revenue of $399.40 million for the quarter, compared to the consensus estimate of $385.01 million. During the same quarter in the prior year, the company earned ($0.28) EPS. Manitowoc Company, Inc. (The)’s quarterly revenue was up 14.2% on a year-over-year basis. COPYRIGHT VIOLATION NOTICE: This piece was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/11/15/manitowoc-company-inc-the-to-post-fy2017-earnings-of-0-07-per-share-seaport-global-securities-forecasts-mtw.html.

MTW has been the topic of a number of other research reports. Robert W. Baird raised shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $6.00 to $10.00 in a research note on Wednesday, August 2nd. Credit Suisse Group raised their price objective on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. BidaskClub raised shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. Deutsche Bank AG reaffirmed a “hold” rating and set a $8.07 price objective (up previously from $7.85) on shares of Manitowoc Company, Inc. (The) in a research note on Monday, October 9th. Finally, TheStreet raised shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research note on Monday, August 7th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Manitowoc Company, Inc. (The) currently has an average rating of “Hold” and a consensus target price of $8.97.

Manitowoc Company, Inc. (MTW) opened at $9.68 on Monday. Manitowoc Company, Inc. has a fifty-two week low of $4.82 and a fifty-two week high of $10.53. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Hedge funds have recently made changes to their positions in the business. Cipher Capital LP purchased a new position in Manitowoc Company, Inc. (The) in the 3rd quarter valued at $109,000. Invictus RG purchased a new position in Manitowoc Company, Inc. (The) in the 3rd quarter valued at $124,000. Annex Advisory Services LLC lifted its holdings in Manitowoc Company, Inc. (The) by 22.3% in the 2nd quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 3,158 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in Manitowoc Company, Inc. (The) by 646.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 16,065 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Manitowoc Company, Inc. (The) by 704.5% in the 1st quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 20,056 shares in the last quarter. Institutional investors own 80.68% of the company’s stock.

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)

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