Manitowoc (MTW) to Release Earnings on Tuesday

Manitowoc (NYSE:MTW) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Manitowoc to post earnings of $0.19 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Manitowoc (NYSE:MTW) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $0.09 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 analysts’ expectations of $583.90 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The firm’s revenue for the quarter 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 %

Shares of MTW opened at $12.43 on Monday. The firm has a market cap of $441.02 million, a P/E ratio of 11.40 and a beta of 2.05. 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 1 year low of $11.73 and a 1 year high of $19.81. The company has a 50 day simple moving average of $13.30 and a two-hundred day simple moving average of $14.46.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of Manitowoc from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Barclays cut their price objective on 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 downgraded Manitowoc from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, Wells Fargo & Company cut their price target on Manitowoc from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat, Manitowoc has an average rating of “Hold” and an average 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.