Manitowoc Company, Inc. (The) (MTW) to Release Quarterly Earnings on Monday

Manitowoc Company, Inc. (The) (NYSE:MTW) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter.

Manitowoc Company, Inc. (The) (NYSE:MTW) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.09. Manitowoc Company, Inc. (The) had a negative return on equity of 14.85% and a negative net margin of 14.63%. The business had revenue of $394.60 million for the quarter, compared to analysts’ expectations of $396.44 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s revenue was down 13.8% on a year-over-year basis. On average, analysts expect Manitowoc Company, Inc. (The) to post $-0.15 EPS for the current fiscal year and $0.07 EPS for the next fiscal year.

Shares of Manitowoc Company, Inc. (MTW) opened at 9.31 on Friday. The firm’s market cap is $1.31 billion. The stock’s 50 day moving average price is $8.80 and its 200 day moving average price is $6.96. Manitowoc Company, Inc. has a 12-month low of $3.65 and a 12-month high of $9.97.

Several equities analysts have weighed in on the stock. UBS AG reiterated a “neutral” rating and set a $8.00 price objective (up from $6.00) on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, August 10th. ValuEngine upgraded shares of Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $7.00 price objective on shares of Manitowoc Company, Inc. (The) in a research report on Friday. TheStreet upgraded shares of Manitowoc Company, Inc. (The) from a “d” rating to a “c-” rating in a research report on Monday, August 7th. Finally, Robert W. Baird upgraded shares of Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $6.00 to $10.00 in a research report on Wednesday, August 2nd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Manitowoc Company, Inc. (The) currently has an average rating of “Hold” and an average price target of $8.19.

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About Manitowoc Company, Inc. (The)

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 for Manitowoc Company, Inc. (The) (NYSE:MTW)

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