Manitowoc Company, Inc. (The) (NYSE:MTW) posted its quarterly earnings data on Monday. The industrial products company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.09, RTT News reports. The company had revenue of $394.60 million during the quarter, compared to analysts’ expectations of $396.44 million. Manitowoc Company, Inc. (The) had a negative return on equity of 14.18% and a negative net margin of 14.37%. Manitowoc Company, Inc. (The)’s revenue for the quarter was down 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.03 earnings per share.

Shares of Manitowoc Company, Inc. (NYSE:MTW) traded up 2.63% on Monday, reaching $7.41. The company had a trading volume of 3,318,246 shares. The stock’s market cap is $1.04 billion. The stock has a 50-day moving average price of $5.85 and a 200-day moving average price of $5.99. Manitowoc Company, Inc. has a 12 month low of $3.65 and a 12 month high of $7.57.

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Several research firms have recently weighed in on MTW. BidaskClub raised Manitowoc Company, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Saturday. Robert W. Baird raised Manitowoc Company, Inc. (The) from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $10.00 in a research report on Wednesday, August 2nd. Zacks Investment Research cut Manitowoc Company, Inc. (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a $6.25 price objective on shares of Manitowoc Company, Inc. (The) in a research report on Tuesday, July 4th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.50 price objective on shares of Manitowoc Company, Inc. (The) in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.89.

About Manitowoc Company, Inc. (The)

The Manitowoc Company, Inc is a provider of engineered lifting equipment for the construction industry. The Company operates through the Crane business segment. It designs, manufactures and distributes a line of crawler-mounted lattice-boom cranes, which it sells under the Manitowoc brand name. It also designs and manufactures a line of top-slewing and self-erecting tower cranes, which it sells under the Potain brand name.

Earnings History for Manitowoc Company, Inc. (The) (NYSE:MTW)

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