FY2024 EPS Estimates for Manitex International, Inc. Reduced by Northland Capmk (NASDAQ:MNTX)

Manitex International, Inc. (NASDAQ:MNTX) – Investment analysts at Northland Capmk cut their FY2024 earnings estimates for shares of Manitex International in a research report issued on Thursday, August 8th. Northland Capmk analyst E. Jackson now anticipates that the industrial products company will post earnings of $0.33 per share for the year, down from their prior forecast of $0.37. The consensus estimate for Manitex International’s current full-year earnings is $0.33 per share. Northland Capmk also issued estimates for Manitex International’s FY2028 earnings at $0.61 EPS.

Several other equities analysts have also recently commented on MNTX. StockNews.com cut Manitex International from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Northland Securities reiterated an “outperform” rating and set a $8.00 price objective (down from $10.00) on shares of Manitex International in a research note on Thursday, August 8th.

Manitex International Stock Up 7.5 %

Shares of NASDAQ MNTX opened at $3.45 on Monday. Manitex International has a 1 year low of $3.07 and a 1 year high of $9.16. The stock’s 50-day simple moving average is $4.66 and its 200-day simple moving average is $5.90. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.67 and a current ratio of 1.55. The firm has a market cap of $70.38 million, a price-to-earnings ratio of 7.34 and a beta of 0.79.

Institutional Trading of Manitex International

Several hedge funds have recently made changes to their positions in MNTX. Ancora Advisors LLC boosted its stake in Manitex International by 95.1% during the 1st quarter. Ancora Advisors LLC now owns 172,429 shares of the industrial products company’s stock valued at $1,183,000 after purchasing an additional 84,029 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Manitex International by 2,049.4% during the first quarter. Russell Investments Group Ltd. now owns 67,319 shares of the industrial products company’s stock valued at $462,000 after buying an additional 64,187 shares during the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Manitex International during the first quarter valued at approximately $128,000. Renaissance Technologies LLC boosted its position in shares of Manitex International by 13.1% during the second quarter. Renaissance Technologies LLC now owns 142,073 shares of the industrial products company’s stock worth $629,000 after buying an additional 16,433 shares during the period. Finally, First Eagle Investment Management LLC grew its holdings in Manitex International by 2.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 306,084 shares of the industrial products company’s stock worth $1,356,000 after buying an additional 8,500 shares in the last quarter. Institutional investors own 46.01% of the company’s stock.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.