Manitex International (MNTX) Scheduled to Post Earnings on Wednesday

Manitex International (NASDAQ:MNTXGet Rating) is scheduled to release its earnings data before the market opens on Wednesday, May 4th. Analysts expect Manitex International to post earnings of ($0.06) per share for the quarter.

Manitex International (NASDAQ:MNTXGet Rating) last announced its quarterly earnings data on Tuesday, March 8th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.05). Manitex International had a negative net margin of 2.16% and a positive return on equity of 0.36%. The company had revenue of $53.39 million during the quarter, compared to analyst estimates of $55.30 million. During the same period in the prior year, the firm earned ($0.07) earnings per share. On average, analysts expect Manitex International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitex International stock opened at $7.62 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.48. Manitex International has a 52 week low of $5.58 and a 52 week high of $8.54. The stock has a market capitalization of $152.61 million, a P/E ratio of -33.13, a price-to-earnings-growth ratio of 6.99 and a beta of 0.89. The stock has a fifty day moving average of $7.61 and a 200-day moving average of $6.99.

Separately, Zacks Investment Research raised Manitex International from a “sell” rating to a “hold” rating in a report on Thursday, February 3rd.

An institutional investor recently raised its position in Manitex International stock. BlackRock Inc. increased its position in shares of Manitex International, Inc. (NASDAQ:MNTXGet Rating) by 2.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,834 shares of the industrial products company’s stock after acquiring an additional 1,809 shares during the period. BlackRock Inc. owned about 0.39% of Manitex International worth $495,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Manitex International Company Profile (Get Rating)

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, France, Chile, and internationally. It designs, manufactures, and distributes products that are used in various industries. The company also offers boom trucks, truck cranes, aerial platforms, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

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Earnings History for Manitex International (NASDAQ:MNTX)

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