The Manitowoc Firm, Inc. (NYSE:MTW – Get Ranking) – Inventory analysts at Jefferies Monetary Group decreased their Q3 2022 earnings estimates for shares of Manitowoc in a analysis report issued to purchasers and traders on Wednesday, August seventeenth. Jefferies Monetary Group analyst S. Volkmann now forecasts that the economic merchandise firm will earn $0.04 per share for the quarter, down from their earlier estimate of $0.25. The consensus estimate for Manitowoc’s present full-year earnings is $0.50 per share. Jefferies Monetary Group additionally issued estimates for Manitowoc’s This autumn 2022 earnings at $0.03 EPS, FY2022 earnings at $0.30 EPS, Q2 2023 earnings at $0.20 EPS, This autumn 2023 earnings at $0.15 EPS, FY2023 earnings at $0.60 EPS and FY2024 earnings at $0.80 EPS.
MTW has been the topic of a number of different analysis reviews. Robert W. Baird dropped their value goal on shares of Manitowoc from $16.00 to $15.00 in a analysis word on Wednesday, Could 4th. JPMorgan Chase & Co. decreased their goal value on shares of Manitowoc from $14.50 to $11.00 and set a “impartial” score on the inventory in a report on Tuesday, July twelfth. UBS Group decreased their goal value on shares of Manitowoc from $19.00 to $12.00 and set a “impartial” score on the inventory in a report on Thursday, July twenty first. Credit score Suisse Group set a $12.00 goal value on shares of Manitowoc in a report on Tuesday, July nineteenth. Lastly, Wells Fargo & Firm decreased their goal value on shares of Manitowoc from $13.00 to $12.00 and set an “underweight” score on the inventory in a report on Monday, August eighth. One funding analyst has rated the inventory with a promote score and 7 have given a maintain score to the corporate’s inventory. In keeping with MarketBeat.com, the corporate presently has a consensus score of “Maintain” and a consensus value goal of $13.07.
Manitowoc Inventory Down 2.3 %
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Shares of NYSE MTW opened at $10.40 on Monday. Manitowoc has a 12-month low of $9.83 and a 12-month excessive of $25.72. The inventory has a market cap of $365.85 million, a PE ratio of 26.00 and a beta of two.06. The corporate has a present ratio of 1.74, a fast ratio of 0.56 and a debt-to-equity ratio of 0.58. The corporate has a 50-day shifting common of $10.85 and a 200 day shifting common of $13.25.
Manitowoc (NYSE:MTW – Get Ranking) final introduced its quarterly earnings knowledge on Thursday, August 4th. The economic merchandise firm reported $0.21 earnings per share (EPS) for the quarter, lacking the consensus estimate of $0.36 by ($0.15). Manitowoc had a internet margin of 0.77% and a return on fairness of three.05%. The enterprise had income of $497.20 million for the quarter, in comparison with analysts’ expectations of $553.68 million. Throughout the identical interval within the prior yr, the corporate posted $0.60 EPS. The agency’s income was up 7.2% on a year-over-year foundation.
Institutional Buyers Weigh In On Manitowoc
Hedge funds have not too long ago added to or diminished their stakes within the enterprise. Victory Capital Administration Inc. lifted its holdings in Manitowoc by 0.7% in the course of the 1st quarter. Victory Capital Administration Inc. now owns 1,896,829 shares of the economic merchandise firm’s inventory price $28,539,000 after shopping for an extra 12,753 shares within the final quarter. KBC Group NV elevated its place in shares of Manitowoc by 24.3% within the 1st quarter. KBC Group NV now owns 6,247 shares of the economic merchandise firm’s inventory valued at $94,000 after buying an extra 1,223 shares over the last quarter. Keybank Nationwide Affiliation OH elevated its place in shares of Manitowoc by 33.1% within the 4th quarter. Keybank Nationwide Affiliation OH now owns 19,300 shares of the economic merchandise firm’s inventory valued at $359,000 after buying an extra 4,800 shares over the last quarter. SummerHaven Funding Administration LLC elevated its place in shares of Manitowoc by 4.5% within the 1st quarter. SummerHaven Funding Administration LLC now owns 39,835 shares of the economic merchandise firm’s inventory valued at $601,000 after buying an extra 1,731 shares over the last quarter. Lastly, Russell Investments Group Ltd. elevated its place in shares of Manitowoc by 193.0% within the 1st quarter. Russell Investments Group Ltd. now owns 221,025 shares of the economic merchandise firm’s inventory valued at $3,331,000 after buying an extra 145,601 shares over the last quarter. 76.36% of the inventory is presently owned by institutional traders and hedge funds.
Insider Transactions at Manitowoc
In associated information, CEO Aaron H. Ravenscroft acquired 3,000 shares of the agency’s inventory in a transaction dated Friday, August fifth. The shares had been bought at a median price of $11.30 per share, for a complete transaction of $33,900.00. Following the acquisition, the chief govt officer now owns 211,951 shares within the firm, valued at roughly $2,395,046.30. The acquisition was disclosed in a doc filed with the SEC, which might be accessed by way of the SEC web site. In different Manitowoc information, Director Kenneth W. Krueger purchased 34,500 shares of Manitowoc inventory in a transaction on Friday, June tenth. The shares had been purchased at a median price of $12.49 per share, for a complete transaction of $430,905.00. Following the acquisition, the director now instantly owns 123,472 shares within the firm, valued at $1,542,165.28. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is on the market on the SEC web site. Additionally, CEO Aaron H. Ravenscroft purchased 3,000 shares of Manitowoc inventory in a transaction on Friday, August fifth. The shares had been acquired at a median value of $11.30 per share, for a complete transaction of $33,900.00. Following the completion of the acquisition, the chief govt officer now owns 211,951 shares within the firm, valued at $2,395,046.30. The disclosure for this buy might be discovered right here. Within the final three months, insiders have bought 39,619 shares of firm inventory price $488,559. 2.52% of the inventory is presently owned by insiders.
The Manitowoc Firm, Inc gives engineered lifting options within the Americas, Europe, Africa, the Center East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes underneath the Manitowoc model; a line of top-slewing and self-erecting tower cranes underneath the Potain model; cellular hydraulic cranes underneath the Grove, Shuttlelift, and Nationwide Crane manufacturers; and hydraulic growth vans underneath the Nationwide Crane model.
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