Analysts Anticipate Manitex International Inc (MNTX) Will Announce Quarterly Sales of $61.10 Million
Equities analysts expect that Manitex International Inc (NASDAQ:MNTX) will report sales of $61.10 million for the current quarter, according to Zacks. Two analysts have provided estimates for Manitex International’s earnings. The highest sales estimate is $63.10 million and the lowest is $59.10 million. Manitex International reported sales of $56.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 8.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 5th.
According to Zacks, analysts expect that Manitex International will report full year sales of $247.30 million for the current fiscal year, with estimates ranging from $246.20 million to $248.40 million. For the next financial year, analysts anticipate that the business will report sales of $262.25 million per share, with estimates ranging from $261.30 million to $263.20 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Manitex International.
Manitex International (NASDAQ:MNTX) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $62.05 million. Manitex International had a positive return on equity of 6.07% and a negative net margin of 1.98%.
In other Manitex International news, Director Robert S. Gigliotti sold 4,400 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $11.71, for a total value of $51,524.00. Following the completion of the sale, the director now owns 83,750 shares of the company’s stock, valued at $980,712.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.78% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG raised its stake in Manitex International by 11.4% in the 4th quarter. Deutsche Bank AG now owns 62,216 shares of the industrial products company’s stock valued at $597,000 after acquiring an additional 6,379 shares during the period. Wells Fargo & Company MN raised its stake in Manitex International by 14.7% in the 1st quarter. Wells Fargo & Company MN now owns 414,430 shares of the industrial products company’s stock valued at $4,737,000 after acquiring an additional 52,962 shares during the period. Northern Trust Corp raised its stake in Manitex International by 18.9% in the 1st quarter. Northern Trust Corp now owns 41,789 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 6,634 shares during the period. Dimensional Fund Advisors LP raised its stake in Manitex International by 45.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 170,266 shares of the industrial products company’s stock valued at $1,946,000 after acquiring an additional 52,804 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in Manitex International by 1.9% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 618,374 shares of the industrial products company’s stock valued at $7,068,000 after acquiring an additional 11,690 shares during the period. 56.36% of the stock is owned by institutional investors and hedge funds.
MNTX traded up $0.02 on Friday, hitting $11.31. The company had a trading volume of 43,500 shares, compared to its average volume of 75,008. The firm has a market cap of $220.18 million, a P/E ratio of 56.30 and a beta of 1.31. Manitex International has a 12-month low of $7.28 and a 12-month high of $13.26. The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 0.54.
Manitex International Company Profile
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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