Manitowoc (NYSE:MTW) Shares Gap Down on Disappointing Earnings

The Manitowoc Company, Inc. (NYSE:MTWGet Free Report)’s stock price gapped down before the market opened on Tuesday following a weaker than expected earnings announcement. The stock had previously closed at $14.86, but opened at $13.23. Manitowoc shares last traded at $14.73, with a volume of 343,414 shares traded.

The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Manitowoc had a net margin of 0.32% and a return on equity of 1.73%. The company had revenue of $677.10 million for the quarter, compared to analysts’ expectations of $637.00 million. During the same period in the previous year, the firm earned $0.10 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS.

Trending Headlines about Manitowoc

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Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a research report on Monday, December 22nd. Wells Fargo & Company reiterated an “underweight” rating and issued a $10.00 price objective (up previously from $9.00) on shares of Manitowoc in a research note on Friday, January 23rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Manitowoc in a research note on Monday, December 22nd. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $10.50.

Read Our Latest Stock Analysis on Manitowoc

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Garner Asset Management Corp purchased a new stake in shares of Manitowoc during the 4th quarter worth approximately $36,000. Quantbot Technologies LP bought a new position in Manitowoc during the third quarter valued at $47,000. Tower Research Capital LLC TRC increased its position in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after buying an additional 2,575 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Manitowoc in the second quarter worth $84,000. Finally, CWM LLC raised its stake in shares of Manitowoc by 669.9% in the second quarter. CWM LLC now owns 7,329 shares of the industrial products company’s stock valued at $88,000 after buying an additional 6,377 shares during the period. 78.66% of the stock is owned by institutional investors.

Manitowoc Price Performance

The company has a current ratio of 2.14, a quick ratio of 0.66 and a debt-to-equity ratio of 0.70. The stock has a market cap of $537.74 million, a PE ratio of 79.79 and a beta of 1.88. The business has a 50-day moving average price of $13.14 and a 200 day moving average price of $11.52.

About Manitowoc

(Get Free Report)

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.

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