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

Manitowoc (NYSE:MTW) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.10 earnings per share (EPS) 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 Price Performance

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

Analyst Ratings Changes

MTW has been the subject of several research analyst reports. Robert W. Baird decreased their price objective on shares of Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. StockNews.com raised Manitowoc from a “sell” rating to a “hold” rating in a research 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.