Manitowoc Company Inc (NYSE:MTW) – Equities researchers at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of Manitowoc in a report issued on Tuesday, November 6th. SunTrust Banks analyst C. Brady now expects that the industrial products company will earn $0.63 per share for the year, up from their prior forecast of $0.47. SunTrust Banks also issued estimates for Manitowoc’s Q1 2019 earnings at ($0.05) EPS, Q1 2020 earnings at $0.04 EPS and Q3 2020 earnings at $0.49 EPS.
Manitowoc (NYSE:MTW) last announced its earnings results on Monday, November 5th. The industrial products company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.12. Manitowoc had a return on equity of 1.81% and a net margin of 2.56%. The firm had revenue of $450.10 million for the quarter, compared to the consensus estimate of $452.64 million. During the same quarter in the previous year, the business earned $0.37 EPS. The company’s revenue was up 12.7% compared to the same quarter last year.
Shares of NYSE MTW opened at $19.12 on Friday. Manitowoc has a twelve month low of $16.74 and a twelve month high of $44.03. The company has a market capitalization of $714.99 million, a PE ratio of -73.54 and a beta of 1.62. The company has a current ratio of 1.65, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.
Several large investors have recently bought and sold shares of MTW. Victory Capital Management Inc. raised its holdings in shares of Manitowoc by 72.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,667,174 shares of the industrial products company’s stock worth $39,996,000 after purchasing an additional 699,680 shares during the period. Rutabaga Capital Management LLC MA raised its holdings in shares of Manitowoc by 46.8% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 661,424 shares of the industrial products company’s stock worth $17,104,000 after purchasing an additional 210,827 shares during the period. BlackRock Inc. raised its holdings in shares of Manitowoc by 8.8% in the 2nd quarter. BlackRock Inc. now owns 2,459,641 shares of the industrial products company’s stock worth $63,605,000 after purchasing an additional 197,928 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Manitowoc by 31.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 359,964 shares of the industrial products company’s stock worth $9,306,000 after purchasing an additional 85,685 shares during the period. Finally, Royce & Associates LP bought a new stake in shares of Manitowoc in the 2nd quarter worth approximately $1,526,000. 79.78% of the stock is currently owned by institutional investors.
The Manitowoc Company, Inc provides engineered lifting equipment for the construction industry 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 telescopic cranes under the Grove brand; and a line of hydraulically powered telescopic boom trucks under the National Crane brand.
Read More: NASDAQ Stock Market Explained
Receive News & Ratings for Manitowoc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitowoc and related companies with MarketBeat.com's FREE daily email newsletter.