Brokerages forecast that Manitowoc Company Inc (NYSE:MTW) will report earnings per share of ($0.13) for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Manitowoc’s earnings, with estimates ranging from ($0.39) to $0.12. Manitowoc posted earnings of ($0.68) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 80.9%. The business is scheduled to announce its next earnings results on Monday, May 14th.

On average, analysts expect that Manitowoc will report full year earnings of $0.54 per share for the current fiscal year, with EPS estimates ranging from $0.11 to $1.20. For the next fiscal year, analysts forecast that the business will post earnings of $1.37 per share, with EPS estimates ranging from $0.80 to $2.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Manitowoc.

Manitowoc (NYSE:MTW) last released its quarterly earnings data on Thursday, February 8th. The industrial products company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.11). Manitowoc had a net margin of 0.59% and a negative return on equity of 1.59%. The company had revenue of $481.50 million during the quarter, compared to analyst estimates of $423.27 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. Manitowoc’s revenue for the quarter was up 27.3% on a year-over-year basis.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Manitowoc from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $30.00 to $29.00 in a research note on Monday. Deutsche Bank decreased their price target on shares of Manitowoc from $44.00 to $36.00 and set a “hold” rating on the stock in a research note on Monday. Credit Suisse Group upped their price target on shares of Manitowoc from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Monday. Stifel Nicolaus decreased their price target on shares of Manitowoc from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Monday. Finally, SunTrust Banks increased their price objective on shares of Manitowoc to $37.00 and gave the stock a “hold” rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $39.92.

Manitowoc (NYSE MTW) opened at $33.95 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.76 and a quick ratio of 0.67. Manitowoc has a fifty-two week low of $21.00 and a fifty-two week high of $44.03. The company has a market cap of $1,203.28, a price-to-earnings ratio of 161.67 and a beta of 1.33.

In other news, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was acquired at an average price of $39.12 per share, with a total value of $150,768.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.82% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Cipher Capital LP acquired a new stake in shares of Manitowoc during the 3rd quarter worth approximately $109,000. Invictus RG acquired a new stake in shares of Manitowoc during the 3rd quarter worth approximately $124,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Manitowoc during the 4th quarter worth approximately $129,000. Advisor Group Inc. grew its position in shares of Manitowoc by 2.4% during the 2nd quarter. Advisor Group Inc. now owns 24,120 shares of the industrial products company’s stock worth $145,000 after buying an additional 572 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Manitowoc by 14.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 30,051 shares of the industrial products company’s stock worth $180,000 after buying an additional 3,733 shares during the period.

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About Manitowoc

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.

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Earnings History and Estimates for Manitowoc (NYSE:MTW)

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