Wall Street brokerages predict that Manitex International Inc (NASDAQ:MNTX) will announce earnings per share of $0.09 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Manitex International’s earnings. Manitex International reported earnings per share of $0.11 during the same quarter last year, which suggests a negative year over year growth rate of 18.2%. The firm is scheduled to issue its next earnings report on Thursday, November 7th.
On average, analysts expect that Manitex International will report full year earnings of $0.32 per share for the current year. For the next financial year, analysts forecast that the business will report earnings of $0.48 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Manitex International.
Manitex International (NASDAQ:MNTX) last released its earnings results on Thursday, August 8th. The industrial products company reported $0.06 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $60.97 million for the quarter. Manitex International had a negative net margin of 2.74% and a positive return on equity of 6.11%.
Manitex International stock traded down $0.01 during trading hours on Friday, hitting $6.09. 6,299 shares of the company traded hands, compared to its average volume of 60,034. The firm has a market cap of $119.32 million, a P/E ratio of 18.45, a P/E/G ratio of 1.89 and a beta of 1.57. The company has a quick ratio of 0.90, a current ratio of 1.83 and a debt-to-equity ratio of 0.56. The firm’s 50-day simple moving average is $6.06 and its two-hundred day simple moving average is $6.43. Manitex International has a 1-year low of $4.80 and a 1-year high of $9.80.
In other Manitex International news, CEO Steve Filipov acquired 5,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were bought at an average price of $5.76 per share, with a total value of $28,800.00. Following the purchase, the chief executive officer now directly owns 55,000 shares of the company’s stock, valued at approximately $316,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 6.07% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. WealthTrust Axiom LLC boosted its holdings in shares of Manitex International by 3.3% during the second quarter. WealthTrust Axiom LLC now owns 910,992 shares of the industrial products company’s stock worth $5,566,000 after purchasing an additional 29,046 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Manitex International by 9.4% during the second quarter. Pacific Ridge Capital Partners LLC now owns 795,091 shares of the industrial products company’s stock worth $4,858,000 after purchasing an additional 68,559 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Manitex International by 24.6% during the second quarter. Vanguard Group Inc. now owns 727,181 shares of the industrial products company’s stock worth $4,443,000 after purchasing an additional 143,414 shares during the period. First Wilshire Securities Management Inc. boosted its holdings in shares of Manitex International by 21.4% during the second quarter. First Wilshire Securities Management Inc. now owns 613,460 shares of the industrial products company’s stock worth $3,748,000 after purchasing an additional 108,099 shares during the period. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Manitex International by 2.5% during the first quarter. Kennedy Capital Management Inc. now owns 436,294 shares of the industrial products company’s stock worth $3,338,000 after purchasing an additional 10,744 shares during the period. 51.78% of the stock is currently owned by institutional investors.
About Manitex International
Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.
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