Manitowoc Company Inc (NYSE:MTW) – Investment analysts at SunTrust Banks raised their Q1 2018 earnings per share (EPS) estimates for shares of Manitowoc in a report issued on Sunday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of ($0.24) per share for the quarter, up from their prior forecast of ($0.39). SunTrust Banks currently has a “Hold” rating and a $37.00 target price on the stock. SunTrust Banks also issued estimates for Manitowoc’s Q2 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.47 EPS, Q1 2019 earnings at ($0.07) EPS and Q4 2019 earnings at $0.56 EPS.

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

Other research analysts also recently issued reports about the company. Robert W. Baird restated a “buy” rating and issued a $47.00 price target on shares of Manitowoc in a research note on Friday, November 24th. Seaport Global Securities upgraded Manitowoc from a “neutral” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Monday, November 20th. Jefferies Group restated a “buy” rating on shares of Manitowoc in a research note on Friday, November 10th. Stifel Nicolaus raised their price target on Manitowoc from $36.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Manitowoc from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $39.92.

Manitowoc (NYSE MTW) opened at $34.89 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. The firm has a market capitalization of $1,230.00, a P/E ratio of 139.56 and a beta of 1.46. Manitowoc has a one year low of $21.00 and a one year high of $44.03.

In other news, SVP Thomas G. Musial sold 4,476 shares of Manitowoc stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $33.84, for a total transaction of $151,467.84. Following the completion of the transaction, the senior vice president now directly owns 54,319 shares in the company, valued at approximately $1,838,154.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles David Myers bought 3,854 shares of Manitowoc stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average price of $39.12 per share, with a total value of $150,768.48. The disclosure for this purchase can be found here. Insiders own 2.82% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cipher Capital LP acquired a new stake in Manitowoc during the 3rd quarter worth approximately $109,000. Invictus RG acquired a new stake in Manitowoc during the 3rd quarter worth approximately $124,000. SeaCrest Wealth Management LLC acquired a new stake in Manitowoc during the 4th quarter worth approximately $129,000. Advisor Group Inc. lifted its holdings in 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 purchasing an additional 572 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in 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 purchasing an additional 3,733 shares during the last quarter.

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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.

Earnings History and Estimates for Manitowoc (NYSE:MTW)

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