Manitowoc (MTW) Earning Somewhat Favorable Press Coverage, Study Finds

Media headlines about Manitowoc (NYSE:MTW) have trended somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manitowoc earned a news impact score of 0.02 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 46.4445336238183 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Manitowoc (NYSE MTW) opened at $38.83 on Wednesday. The company has a market capitalization of $1,384.83, a PE ratio of -22.58 and a beta of 1.44. Manitowoc has a 12-month low of $21.00 and a 12-month high of $42.12. The company has a quick ratio of 0.67, a current ratio of 1.76 and a debt-to-equity ratio of 0.44.

Manitowoc (NYSE:MTW) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.44. The company had revenue of $399.40 million during the quarter, compared to analyst estimates of $385.01 million. Manitowoc had a negative return on equity of 6.17% and a negative net margin of 4.01%. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.12) EPS. analysts anticipate that Manitowoc will post -0.18 EPS for the current year.

MTW has been the subject of several research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $47.00 target price on shares of Manitowoc in a research report on Friday, November 24th. Seaport Global Securities raised Manitowoc from a “neutral” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Monday, November 20th. Jefferies Group reissued a “buy” rating on shares of Manitowoc in a report on Friday, November 10th. Stifel Nicolaus lifted their price objective on Manitowoc from $36.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research lowered Manitowoc from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $39.64.

In related news, Director Charles David Myers bought 3,854 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was bought at an average cost of $39.12 per share, for a total transaction of $150,768.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.82% of the stock is currently owned by insiders.

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Manitowoc Company Profile

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.

Insider Buying and Selling by Quarter for Manitowoc (NYSE:MTW)

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