Manitex International (MNTX) to Post Quarterly Earnings on Thursday

Manitex International (NASDAQ:MNTX) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Manitex International has set its FY 2024 guidance at EPS.

Manitex International (NASDAQ:MNTX) last posted its earnings results on Thursday, February 29th. The industrial products company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.19. Manitex International had a return on equity of 16.98% and a net margin of 2.52%. The company had revenue of $78.65 million for the quarter, compared to the consensus estimate of $74.83 million. On average, analysts expect Manitex International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitex International Trading Up 0.9 %

Shares of Manitex International stock traded up $0.05 during mid-day trading on Friday, hitting $5.60. 6,688 shares of the stock were exchanged, compared to its average volume of 62,391. Manitex International has a twelve month low of $3.72 and a twelve month high of $9.16. The stock has a market capitalization of $113.51 million, a price-to-earnings ratio of 15.56 and a beta of 0.79. The company has a 50-day simple moving average of $6.42 and a 200 day simple moving average of $6.66. The company has a current ratio of 1.57, a quick ratio of 0.68 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Manitex International from a “hold” rating to a “buy” rating in a research report on Saturday, March 9th.

About Manitex International

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.