Equities analysts expect Manitowoc Company Inc (NYSE:MTW) to post earnings per share (EPS) of $0.07 for the current quarter, Zacks reports. Six analysts have made estimates for Manitowoc’s earnings. The lowest EPS estimate is ($0.06) and the highest is $0.15. Manitowoc posted earnings per share of ($0.15) in the same quarter last year, which would indicate a positive year over year growth rate of 146.7%. The firm is scheduled to announce its next earnings report on Thursday, February 14th.

On average, analysts expect that Manitowoc will report full-year earnings of $0.56 per share for the current year, with EPS estimates ranging from $0.43 to $0.63. For the next fiscal year, analysts forecast that the company will report earnings of $1.42 per share, with EPS estimates ranging from $1.21 to $1.71. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Manitowoc.

Manitowoc (NYSE:MTW) last posted its quarterly earnings data on Monday, November 5th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.12. Manitowoc had a return on equity of 1.80% and a net margin of 2.56%. The firm had revenue of $450.10 million during the quarter, compared to analyst estimates of $452.64 million. During the same period last year, the company posted $0.37 EPS. The business’s quarterly revenue was up 12.7% on a year-over-year basis.

Several research analysts have recently weighed in on MTW shares. Goldman Sachs Group lowered Manitowoc from a “neutral” rating to a “sell” rating in a research report on Monday, July 16th. ValuEngine lowered Manitowoc from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Seaport Global Securities set a $31.00 price objective on Manitowoc and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Citigroup reduced their target price on Manitowoc from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, August 8th. Finally, Macquarie raised their target price on Manitowoc from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, August 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.50.

Shares of MTW stock traded down $0.06 during mid-day trading on Tuesday, hitting $18.62. The company’s stock had a trading volume of 362,575 shares, compared to its average volume of 557,527. Manitowoc has a 52 week low of $16.74 and a 52 week high of $44.03. The company has a current ratio of 1.75, a quick ratio of 0.69 and a debt-to-equity ratio of 0.39. The firm has a market cap of $680.40 million, a PE ratio of -71.62 and a beta of 1.62.

Several institutional investors and hedge funds have recently modified their holdings of MTW. GSA Capital Partners LLP boosted its stake in Manitowoc by 242.9% during the 2nd quarter. GSA Capital Partners LLP now owns 63,672 shares of the industrial products company’s stock valued at $1,647,000 after purchasing an additional 45,105 shares during the last quarter. First Trust Advisors LP acquired a new position in Manitowoc during the 2nd quarter valued at about $346,000. Private Advisor Group LLC acquired a new position in Manitowoc during the 2nd quarter valued at about $269,000. Schwab Charles Investment Management Inc. boosted its stake in Manitowoc by 10.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 187,927 shares of the industrial products company’s stock valued at $4,860,000 after purchasing an additional 17,872 shares during the last quarter. Finally, Fox Run Management L.L.C. boosted its stake in Manitowoc by 69.6% during the 3rd quarter. Fox Run Management L.L.C. now owns 19,049 shares of the industrial products company’s stock valued at $457,000 after purchasing an additional 7,815 shares during the last quarter. Institutional investors own 81.72% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.

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