Manitowoc (NYSE:MTW) Issues Earnings Results, Misses Expectations By $0.04 EPS

Manitowoc (NYSE:MTW) 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 negative net margin of 0.40% and a positive return on equity of 2.40%. Manitowoc updated its FY 2025 guidance to 0.150-0.850 EPS.

Manitowoc Stock Performance

NYSE MTW opened at $9.79 on Thursday. The business has a 50 day moving average price of $9.38 and a 200 day moving average price of $9.82. The company has a market capitalization of $343.92 million, a P/E ratio of -36.26 and a beta of 1.83. Manitowoc has a 1-year low of $8.30 and a 1-year high of $16.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on MTW shares. Robert W. Baird decreased their price target 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 raised Manitowoc from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.47.

About Manitowoc

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.