Manitowoc (MTW) Scheduled to Post Earnings on Wednesday

Manitowoc (NYSE:MTWGet Free Report) will be releasing its earnings data after the market closes on Wednesday, February 14th. Analysts expect Manitowoc to post earnings of $0.19 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Manitowoc Price Performance

NYSE MTW opened at $17.44 on Tuesday. Manitowoc has a 12 month low of $12.20 and a 12 month high of $20.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.79 and a quick ratio of 0.57. The firm has a market capitalization of $611.80 million, a PE ratio of -6.27 and a beta of 2.11. The company’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $15.40.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its holdings in shares of Manitowoc by 7.2% during the 4th quarter. Legal & General Group Plc now owns 15,253 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 1,023 shares during the period. State of Wyoming bought a new position in shares of Manitowoc during the 2nd quarter worth about $133,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Manitowoc during the 4th quarter worth about $131,000. Quantbot Technologies LP bought a new position in shares of Manitowoc during the 2nd quarter worth about $127,000. Finally, Quadrature Capital Ltd bought a new position in shares of Manitowoc during the 3rd quarter worth about $112,000. Institutional investors own 77.70% of the company’s stock.

Analysts Set New Price Targets

MTW has been the topic of several recent research reports. StockNews.com lowered shares of Manitowoc from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Manitowoc from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.43.

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About Manitowoc

(Get Free Report)

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. 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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Earnings History for Manitowoc (NYSE:MTW)

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