Manitowoc (MTW) Scheduled to Post Quarterly Earnings on Tuesday

Manitowoc (NYSE:MTW) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.19 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.14). Manitowoc had a return on equity of 9.44% and a net margin of 1.76%. The business had revenue of $595.80 million during the quarter, compared to analyst estimates of $583.90 million. During the same period in the previous year, the business posted $0.74 earnings per share. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. On average, analysts expect Manitowoc to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitowoc Trading Down 0.3 %

NYSE MTW opened at $12.43 on Friday. The company has a 50-day moving average of $13.30 and a 200-day moving average of $14.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.83 and a quick ratio of 0.65. Manitowoc has a 12 month low of $11.73 and a 12 month high of $19.81. The company has a market cap of $441.02 million, a P/E ratio of 11.40 and a beta of 2.05.

Analysts Set New Price Targets

Several equities analysts recently commented on MTW shares. Barclays dropped their price target on shares of Manitowoc from $15.00 to $12.00 and set an “underweight” rating for the company in a research report on Monday, April 22nd. StockNews.com lowered Manitowoc from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lowered their price target on Manitowoc from $17.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, February 16th. Finally, JPMorgan Chase & Co. cut their price objective on Manitowoc from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Tuesday, April 16th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Manitowoc presently has an average rating of “Hold” and a consensus target price of $16.83.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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 hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.