Analysts forecast that Manitex International Inc (NASDAQ:MNTX) will report $64.45 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Manitex International’s earnings, with estimates ranging from $64.40 million to $64.50 million. Manitex International reported sales of $64.98 million in the same quarter last year, which indicates a negative year-over-year growth rate of 0.8%. The company is scheduled to announce its next earnings report on Monday, March 19th.
On average, analysts expect that Manitex International will report full year sales of $64.45 million for the current fiscal year, with estimates ranging from $199.50 million to $212.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $244.65 million per share, with estimates ranging from $225.90 million to $263.40 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Manitex International.
Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.07 EPS for the quarter. The firm had revenue of $56.46 million for the quarter. Manitex International had a positive return on equity of 3.09% and a negative net margin of 8.93%.
Several research firms have recently commented on MNTX. Zacks Investment Research upgraded Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 price objective on the stock in a report on Wednesday, December 20th. Roth Capital upgraded Manitex International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $11.00 in a report on Thursday, February 8th.
Manitex International stock opened at $10.64 on Monday. The company has a market capitalization of $176.16, a PE ratio of 59.11 and a beta of 1.64. 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 twelve month low of $6.21 and a twelve month high of $12.04.
Several hedge funds and other institutional investors have recently bought and sold shares of MNTX. Vanguard Group Inc. grew its stake in shares of Manitex International by 1.8% in the second quarter. Vanguard Group Inc. now owns 520,258 shares of the industrial products company’s stock worth $3,632,000 after purchasing an additional 9,279 shares during the last quarter. Cortina Asset Management LLC grew its stake in shares of Manitex International by 16.4% in the third quarter. Cortina Asset Management LLC now owns 764,091 shares of the industrial products company’s stock worth $6,862,000 after purchasing an additional 107,707 shares during the last quarter. Shufro Rose & Co. LLC grew its stake in shares of Manitex International by 11.8% in the third quarter. Shufro Rose & Co. LLC now owns 279,200 shares of the industrial products company’s stock worth $2,507,000 after purchasing an additional 29,500 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in Manitex International during the 3rd quarter valued at approximately $189,000. Finally, Allianz Asset Management GmbH bought a new stake in Manitex International during the 3rd quarter valued at approximately $996,000. 61.04% of the stock is currently owned by institutional investors.
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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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