Manitowoc (NYSE:MTW) Updates FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.800-1.200 for the period, compared to the consensus estimate of 0.590. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

Manitowoc Stock Performance

Shares of MTW traded up $0.01 during mid-day trading on Thursday, hitting $14.26. 277,831 shares of the company traded hands, compared to its average volume of 256,853. The stock has a market cap of $512.18 million, a price-to-earnings ratio of 71.32 and a beta of 1.72. The stock has a 50-day moving average price of $13.06 and a two-hundred day moving average price of $13.08. Manitowoc has a 1 year low of $9.09 and a 1 year high of $15.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.72 and a current ratio of 2.10.

Manitowoc (NYSE:MTW) last posted its earnings results on Thursday, August 6th. The industrial products company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.35. Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Equities analysts anticipate that Manitowoc will post 0.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTW. Wall Street Zen cut Manitowoc from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Manitowoc in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and an average price target of $10.33.

Insiders Place Their Bets

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total value of $106,200.00. Following the sale, the director owned 162,672 shares of the company’s stock, valued at $1,919,529.60. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.96% of the stock is owned by corporate insiders.

Institutional Trading of Manitowoc

Several hedge funds and other institutional investors have recently bought and sold shares of MTW. Susquehanna Fundamental Investments LLC raised its stake in shares of Manitowoc by 135.6% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 42,904 shares of the industrial products company’s stock valued at $514,000 after acquiring an additional 24,696 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in shares of Manitowoc during the fourth quarter valued at approximately $294,000. Lazard Asset Management LLC purchased a new stake in shares of Manitowoc in the fourth quarter worth approximately $1,449,000. Trexquant Investment LP lifted its stake in shares of Manitowoc by 125.3% during the 4th quarter. Trexquant Investment LP now owns 115,921 shares of the industrial products company’s stock worth $1,390,000 after acquiring an additional 64,460 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Manitowoc by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 48,179 shares of the industrial products company’s stock worth $578,000 after acquiring an additional 2,741 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.