Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
Equities analysts expect that The Manitowoc Company, Inc. (NYSE:MTW - Get Rating) will report $554.09 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Manitowoc's earnings, with the lowest sales estimate coming in at $544.70 million and the highest estimate coming in at $565.00 million. Manitowoc posted sales of $463.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Manitowoc will report full year sales of $2.08 billion for the current fiscal year, with estimates ranging from $2.02 billion to $2.11 billion. For the next financial year, analysts expect that the company will report sales of $2.22 billion, with estimates ranging from $2.14 billion to $2.35 billion. Zacks Investment Research's sales calculations are an average based on a survey of research analysts that that provide coverage for Manitowoc.
Manitowoc (NYSE:MTW - Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The industrial products company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Manitowoc had a return on equity of 5.14% and a net margin of 0.94%. The company had revenue of $459.00 million for the quarter, compared to analyst estimates of $440.08 million. During the same period last year, the company posted ($0.06) EPS. The business's revenue for the quarter was up 29.6% on a year-over-year basis.
Several research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Manitowoc from a "hold" rating to a "strong sell" rating and set a $11.00 target price for the company. in a research note on Monday, May 9th. Robert W. Baird dropped their target price on shares of Manitowoc from $16.00 to $15.00 in a report on Wednesday, May 4th. The Goldman Sachs Group reduced their price objective on Manitowoc from $20.00 to $17.50 and set a "neutral" rating for the company in a research report on Thursday, April 14th. JPMorgan Chase & Co. lowered their target price on shares of Manitowoc from $23.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, March 28th. Finally, Wells Fargo & Company assumed coverage on shares of Manitowoc in a research note on Friday, March 11th. They set an "underweight" rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $16.14.
MTW opened at $13.06 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.74 and a debt-to-equity ratio of 0.57. Manitowoc has a 52-week low of $10.87 and a 52-week high of $27.37. The company has a 50 day moving average of $12.99 and a two-hundred day moving average of $16.14. The company has a market cap of $461.27 million, a P/E ratio of 27.21 and a beta of 2.11.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in Manitowoc during the fourth quarter valued at approximately $25,000. Lazard Asset Management LLC acquired a new stake in Manitowoc during the fourth quarter valued at approximately $41,000. New York State Teachers Retirement System acquired a new stake in Manitowoc during the first quarter valued at approximately $45,000. US Bancorp DE boosted its holdings in Manitowoc by 43.6% during the first quarter. US Bancorp DE now owns 3,775 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 1,146 shares in the last quarter. Finally, UBS Group AG boosted its holdings in Manitowoc by 193.5% during the third quarter. UBS Group AG now owns 4,605 shares of the industrial products company's stock valued at $98,000 after purchasing an additional 3,036 shares in the last quarter. 76.36% of the stock is currently owned by institutional investors.
Manitowoc Company Profile (Get Rating)
The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. 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.
Featured StoriesGet a free copy of the StockNews.com research report on Manitowoc (MTW)Nutanix Stock Bestows a Cheap EntryThe Institutions Are Rotating Into Olli’s Bargain Outlet Would Netflix acquiring Roku be a positive for the stock?Microcap Oil-Dri Corporation Is A Buy For Income InvestorsInflation, An Economic Winter Is Approaching
Get a free copy of the Zacks research report on Manitowoc (MTW)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Manitowoc, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manitowoc wasn't on the list.
While Manitowoc currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
Complete the form below to receive the latest headlines and analysts' recommendations for your stocks with our free daily email newsletter:
Kate chats with financial advisor and asset manager Marc Scudillo, who discusses some psychological aspects of investing in the current market, as well as the benefits of specific asset classes and investing styles.
Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved. 326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257 MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security. Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.