Analysts Set Expectations for Manitowoc Company, Inc. (The)’s FY2017 Earnings (MTW)

Manitowoc Company, Inc. (The) (NYSE:MTW) – Analysts at SunTrust Banks lifted their FY2017 EPS estimates for Manitowoc Company, Inc. (The) in a research note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings per share of ($0.03) for the year, up from their previous forecast of ($0.20). SunTrust Banks currently has a “Hold” rating and a $7.00 price target on the stock. SunTrust Banks also issued estimates for Manitowoc Company, Inc. (The)’s Q1 2018 earnings at ($0.10) EPS, Q3 2018 earnings at $0.03 EPS and FY2018 earnings at $0.08 EPS.

MTW has been the topic of several other research reports. Robert W. Baird upgraded shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $6.00 to $10.00 in a research note on Wednesday, August 2nd. Credit Suisse Group boosted their price target on shares of Manitowoc Company, Inc. (The) from $6.10 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Deutsche Bank AG restated a “hold” rating and set a $8.07 target price (up from $7.85) on shares of Manitowoc Company, Inc. (The) in a research report on Monday, October 9th. Finally, TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Manitowoc Company, Inc. (The) currently has a consensus rating of “Hold” and a consensus target price of $8.97.

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Shares of Manitowoc Company, Inc. (MTW) opened at $9.94 on Friday. Manitowoc Company, Inc. has a one year low of $4.82 and a one year high of $10.53. The company has a quick ratio of 0.68, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Manitowoc Company, Inc. (The) (NYSE:MTW) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.11. The business had revenue of $399.40 million for the quarter, compared to analysts’ expectations of $385.01 million. Manitowoc Company, Inc. (The) had a negative net margin of 4.01% and a negative return on equity of 6.17%. The business’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.28) EPS.

Large investors have recently modified their holdings of the stock. Annex Advisory Services LLC grew its holdings in Manitowoc Company, Inc. (The) by 22.3% during the 2nd quarter. Annex Advisory Services LLC now owns 17,328 shares of the industrial products company’s stock valued at $104,000 after purchasing an additional 3,158 shares during the last quarter. Cipher Capital LP bought a new position in Manitowoc Company, Inc. (The) during the 3rd quarter valued at about $109,000. BNP Paribas Arbitrage SA grew its holdings in Manitowoc Company, Inc. (The) by 646.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 18,552 shares of the industrial products company’s stock valued at $111,000 after purchasing an additional 16,065 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Manitowoc Company, Inc. (The) by 704.5% during the 1st quarter. JPMorgan Chase & Co. now owns 22,903 shares of the industrial products company’s stock valued at $130,000 after purchasing an additional 20,056 shares during the last quarter. Finally, Leavell Investment Management Inc. grew its holdings in Manitowoc Company, Inc. (The) by 9.4% during the 2nd quarter. Leavell Investment Management Inc. now owns 23,405 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 2,019 shares during the last quarter. Institutional investors own 80.53% of the company’s stock.

Manitowoc Company, Inc. (The) Company Profile

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Earnings History and Estimates for Manitowoc Company, Inc. (The) (NYSE:MTW)

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