Manitowoc (MTW) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last twelve months. There are currently 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTW, but not buy additional shares or sell existing shares.
View MTW analyst ratings or view top-rated stocks.

4 equities research analysts have issued 12 month target prices for Manitowoc's shares. Their MTW share price targets range from $15.00 to $22.00. On average, they anticipate the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 33.0% from the stock's current price.
View analysts price targets for MTW or view top-rated stocks among Wall Street analysts.

Manitowoc's stock was trading at $16.69 on January 1st, 2024. Since then, MTW stock has decreased by 21.9% and is now trading at $13.03.
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Manitowoc saw a decline in short interest in March. As of March 31st, there was short interest totaling 622,300 shares, a decline of 21.8% from the March 15th total of 795,700 shares. Based on an average daily trading volume, of 268,700 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.8% of the company's shares are sold short.
View Manitowoc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MTW earnings forecast.

The Manitowoc Company, Inc. (NYSE:MTW) issued its earnings results on Thursday, February, 15th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.14. The industrial products company had revenue of $595.80 million for the quarter, compared to analyst estimates of $583.90 million. Manitowoc had a trailing twelve-month return on equity of 9.44% and a net margin of 1.76%. Manitowoc's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.

First Trust Dow Jones Select Microcap Index Fund holds 94,263 shares of MTW stock, representing 1.03% of its portfolio.

Manitowoc's stock reverse split on Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, November 17th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Manitowoc updated its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of 0.950-1.550 for the period, compared to the consensus earnings per share estimate of 1.520. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

28 employees have rated Manitowoc Chief Executive Officer Glen E. Tellock on Glassdoor.com. Glen E. Tellock has an approval rating of 47% among the company's employees. This puts Glen E. Tellock in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitowoc investors own include Welbilt (WBT), Caterpillar (CAT), Gilead Sciences (GILD), Micron Technology (MU), Wells Fargo & Company (WFC), Costco Wholesale (COST), Allergan (AGN), Applied Materials (AMAT), Cisco Systems (CSCO) and Tesla (TSLA).

Shares of MTW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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