Manitowoc (NYSE:MTW - Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.04), Zacks reports. Manitowoc had a positive return on equity of 2.40% and a negative net margin of 0.40%. Manitowoc updated its FY 2025 guidance to 0.150-0.850 EPS.
Manitowoc Price Performance
Shares of NYSE:MTW traded up $0.15 on Friday, hitting $11.05. The company had a trading volume of 701,482 shares, compared to its average volume of 216,407. 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 52-week low of $8.30 and a 52-week high of $14.77. The business has a 50 day moving average of $9.41 and a 200 day moving average of $9.77. The company has a market cap of $388.01 million, a PE ratio of -40.91 and a beta of 1.83.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on MTW shares. StockNews.com raised Manitowoc from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Robert W. Baird lowered their target price on Manitowoc from $13.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Manitowoc presently has an average rating of "Hold" and an average price target of $12.47.
Read Our Latest Report on MTW
About Manitowoc
(
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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.
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