Manitowoc Company Inc (NYSE:MTW) – Equities research analysts at Dougherty & Co lifted their FY2019 earnings per share estimates for Manitowoc in a research note issued to investors on Monday, November 11th. Dougherty & Co analyst M. Shlisky now forecasts that the industrial products company will post earnings of $2.06 per share for the year, up from their previous estimate of $1.76. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for Manitowoc’s Q4 2019 earnings at $0.50 EPS.
Manitowoc (NYSE:MTW) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.20. The company had revenue of $448.00 million during the quarter, compared to analyst estimates of $455.27 million. Manitowoc had a negative net margin of 2.17% and a positive return on equity of 10.22%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 EPS.
Shares of NYSE:MTW opened at $15.63 on Wednesday. The company has a 50 day moving average of $12.62 and a 200-day moving average of $14.93. The firm has a market cap of $561.36 million, a P/E ratio of 24.42, a P/E/G ratio of 0.95 and a beta of 2.16. Manitowoc has a twelve month low of $10.49 and a twelve month high of $20.09. The company has a current ratio of 1.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.56.
A number of hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Manitowoc by 20.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,695 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 800 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Manitowoc by 16.5% during the second quarter. JPMorgan Chase & Co. now owns 11,666 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 1,648 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in Manitowoc during the third quarter valued at approximately $29,000. Tower Research Capital LLC TRC lifted its stake in Manitowoc by 513.2% during the third quarter. Tower Research Capital LLC TRC now owns 5,010 shares of the industrial products company’s stock valued at $63,000 after purchasing an additional 4,193 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Manitowoc by 1.0% during the second quarter. Northern Trust Corp now owns 436,493 shares of the industrial products company’s stock valued at $7,770,000 after purchasing an additional 4,232 shares during the last quarter. 78.67% of the stock is owned by institutional investors and hedge funds.
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.
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