Manitowoc (MTW) Projected to Post Earnings on Wednesday

Manitowoc (NYSE:MTW - Get Free Report) is expected to be releasing its earnings data after the market closes on Wednesday, February 12th. Analysts expect Manitowoc to post earnings of $0.14 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Manitowoc Stock Up 4.1 %

Shares of MTW opened at $9.79 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70. Manitowoc has a 12 month low of $8.30 and a 12 month high of $17.65. The firm's 50 day moving average is $9.47 and its 200-day moving average is $9.91. The stock has a market capitalization of $343.82 million, a PE ratio of -36.25 and a beta of 1.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Robert W. Baird lowered their price objective on Manitowoc from $13.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. StockNews.com upgraded Manitowoc from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Manitowoc from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $12.47.

Manitowoc Company Profile

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.