Manitowoc (NYSE:MTW) Updates FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 0.450-0.900 for the period, compared to the consensus estimate of 0.900. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MTW shares. Wall Street Zen upgraded shares of Manitowoc from a “buy” rating to a “strong-buy” rating in a report on Monday, December 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Manitowoc in a research report on Monday, December 22nd. Finally, Wells Fargo & Company reiterated an “underweight” rating and set a $10.00 target price (up previously from $9.00) on shares of Manitowoc in a report on Friday, January 23rd. Three research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $10.50.

Manitowoc Trading Up 2.0%

MTW stock opened at $15.16 on Wednesday. The company has a quick ratio of 0.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.70. The company has a market cap of $537.74 million, a price-to-earnings ratio of 79.79 and a beta of 1.88. The business has a fifty day simple moving average of $13.14 and a 200-day simple moving average of $11.52. Manitowoc has a 52 week low of $7.06 and a 52 week high of $15.40.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Monday, February 9th. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $677.10 million for the quarter, compared to analyst estimates of $637.00 million. Manitowoc had a return on equity of 1.73% and a net margin of 0.32%.The business’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 earnings per share. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. On average, equities research analysts expect that Manitowoc will post 0.5 EPS for the current year.

Hedge Funds Weigh In On Manitowoc

A number of hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC boosted its stake in shares of Manitowoc by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after buying an additional 2,575 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Manitowoc in the third quarter valued at $47,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in Manitowoc during the 2nd quarter valued at $84,000. Caxton Associates LLP bought a new position in Manitowoc during the 1st quarter valued at $112,000. Finally, Intech Investment Management LLC grew its holdings in Manitowoc by 20.9% during the 3rd quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after acquiring an additional 2,376 shares in 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.