Manitowoc Co. (NYSE:MTW) is scheduled to be releasing its earnings data after the market closes on Wednesday, July 27th.
Manitowoc (NYSE:MTW) last posted its earnings results on Wednesday, May 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02. During the same period last year, the firm posted ($0.05) EPS. The firm had revenue of $427.40 million for the quarter, compared to analysts’ expectations of $365.29 million. Manitowoc’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts expect Manitowoc to post $0.11 EPS for the current fiscal year and $0.24 EPS for the next fiscal year.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Manitowoc from a “buy” rating to a “sell” rating in a research note on Tuesday, July 19th. Vetr raised Manitowoc from a “hold” rating to a “buy” rating and set a $5.95 price objective for the company in a research note on Monday, June 6th. Citigroup Inc. reaffirmed a “hold” rating on shares of Manitowoc in a research note on Saturday, May 14th. TheStreet cut Manitowoc from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $7.00 price objective (up from $5.00) on shares of Manitowoc in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $10.70.
The Manitowoc Company, Inc (MTW) is a multi-industry, capital goods manufacturer. The Company operates in two principal markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry, including lattice-boom cranes, tower cranes, mobile telescopic cranes and boom trucks.
