Manitowoc (NYSE:MTW) Updates FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.800-1.200 for the period, compared to the consensus EPS estimate of 0.590. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

Manitowoc Trading Up 32.6%

MTW stock opened at $18.84 on Friday. The firm has a fifty day moving average price of $13.24 and a 200 day moving average price of $13.13. Manitowoc has a fifty-two week low of $9.09 and a fifty-two week high of $19.80. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10. The firm has a market cap of $676.47 million, a PE ratio of 34.25 and a beta of 1.72.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.35. Manitowoc had a net margin of 0.87% and a return on equity of 3.88%. The company had revenue of $594.90 million for the quarter, compared to analysts’ expectations of $564.00 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. Manitowoc’s quarterly revenue was up 10.3% on a year-over-year basis. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Sell-side analysts anticipate that Manitowoc will post 0.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. Wall Street Zen raised shares of Manitowoc from a “hold” rating to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Manitowoc has a consensus rating of “Strong Sell” and an average price target of $10.33.

Insider Activity

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the transaction, the director owned 162,672 shares in the company, valued at $1,919,529.60. The trade was a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Manitowoc

A number of large investors have recently bought and sold shares of MTW. IES Holdings Inc. bought a new stake in Manitowoc during the 4th quarter valued at about $14,688,000. Charles Schwab Investment Management Inc. grew its stake in Manitowoc by 28.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 998,723 shares of the industrial products company’s stock worth $11,975,000 after acquiring an additional 222,858 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Manitowoc by 154.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company’s stock worth $4,090,000 after acquiring an additional 206,313 shares in the last quarter. UBS Group AG increased its position in shares of Manitowoc by 86.2% during the third quarter. UBS Group AG now owns 384,062 shares of the industrial products company’s stock worth $3,844,000 after acquiring an additional 177,823 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Manitowoc by 56.4% during the second quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company’s stock worth $4,465,000 after acquiring an additional 134,013 shares during the period. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.