Wall Street brokerages expect Manitex International Inc (NASDAQ:MNTX) to announce earnings per share of $0.08 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Manitex International’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.05. Manitex International posted earnings per share of $0.02 during the same quarter last year, which would suggest a positive year over year growth rate of 300%. The firm is scheduled to report its next earnings results on Monday, March 5th.
On average, analysts expect that Manitex International will report full year earnings of $0.23 per share for the current financial year, with EPS estimates ranging from $0.20 to $0.26. For the next year, analysts expect that the business will post earnings of $0.44 per share, with EPS estimates ranging from $0.41 to $0.46. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Manitex International.
Several research analysts have recently issued reports on MNTX shares. Zacks Investment Research raised shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, December 20th. Roth Capital lowered shares of Manitex International from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Tuesday, November 7th.
Shares of Manitex International (MNTX) traded up $0.10 during midday trading on Friday, hitting $11.35. 107,382 shares of the stock traded hands, compared to its average volume of 76,808. The company has a market cap of $187.92, a price-to-earnings ratio of -8.60 and a beta of 1.75. The company has a quick ratio of 0.64, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. Manitex International has a one year low of $6.21 and a one year high of $11.91.
Several large investors have recently made changes to their positions in MNTX. Allianz Asset Management GmbH acquired a new stake in shares of Manitex International in the 3rd quarter valued at approximately $996,000. Cortina Asset Management LLC raised its position in shares of Manitex International by 16.4% in the 3rd quarter. Cortina Asset Management LLC now owns 764,091 shares of the industrial products company’s stock valued at $6,862,000 after acquiring an additional 107,707 shares during the period. Wedge Capital Management L L P NC acquired a new stake in shares of Manitex International in the 3rd quarter valued at approximately $702,000. Granahan Investment Management Inc. MA raised its position in shares of Manitex International by 152.2% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 82,601 shares of the industrial products company’s stock valued at $742,000 after acquiring an additional 49,845 shares during the period. Finally, Shufro Rose & Co. LLC raised its position in shares of Manitex International by 11.8% in the 3rd quarter. Shufro Rose & Co. LLC now owns 279,200 shares of the industrial products company’s stock valued at $2,507,000 after acquiring an additional 29,500 shares during the period. Institutional investors and hedge funds own 60.74% of the company’s stock.
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Manitex International Company Profile
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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