Manitowoc (MTW) Stock Price, News & Analysis

4 Wall Street 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 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 brokerages have issued 12-month price objectives for Manitowoc's stock. Their MTW share price targets range from $15.00 to $22.00. On average, they expect the company's stock price to reach $17.33 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
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Manitowoc's stock was trading at $16.69 on January 1st, 2024. Since then, MTW shares have decreased by 22.8% and is now trading at $12.88.
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Manitowoc saw a decline in short interest during the month of 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 short-interest ratio is presently 2.3 days. Currently, 1.8% of the shares of the stock 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) released its earnings results on Thursday, February, 15th. The industrial products company reported $0.09 EPS for the quarter, missing the consensus estimate 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%. The firm's revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share.

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

Manitowoc shares 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 closing bell 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 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).

Manitowoc's stock is owned by many different retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Aaron H Ravenscroft, Anne E Belec, Brian P Regan, John Charles Pfeifer, Kenneth W Krueger and Leslie L Middleton.
View institutional ownership trends.

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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