Manitowoc (NYSE:MTW) Issues FY 2025 Earnings Guidance

Key Points

• Manitowoc has provided updated FY 2025 earnings guidance with an EPS estimate of 0.150-0.850, contrasting with the consensus estimate of 0.342, and revenue guidance ranging from $2.2 billion to $2.3 billion.
• Analysts have generally rated Manitowoc as a "Hold," with a consensus target price of $11.00, and recent price objectives being adjusted by various firms.
• The company reported a quarterly EPS of $0.08, missing expectations and showing a 4.0% decline in revenue year-over-year.

Manitowoc (NYSE:MTW - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 0.150-0.850 for the period, compared to the consensus EPS estimate of 0.342. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

Manitowoc Trading Up 2.7%

MTW traded up $0.25 during trading on Monday, hitting $9.39. The company's stock had a trading volume of 494,041 shares, compared to its average volume of 280,955. Manitowoc has a twelve month low of $7.06 and a twelve month high of $13.61. The company has a quick ratio of 0.68, a current ratio of 2.07 and a debt-to-equity ratio of 0.67. The stock's fifty day moving average price is $12.02 and its 200-day moving average price is $10.41. The firm has a market capitalization of $332.79 million, a P/E ratio of 7.51 and a beta of 2.07.

Manitowoc (NYSE:MTW - Get Free Report) last issued its earnings results on Thursday, August 7th. The industrial products company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.12). Manitowoc had a negative return on equity of 0.33% and a net margin of 2.11%. The firm had revenue of $539.50 million for the quarter, compared to analyst estimates of $580.18 million. During the same period in the previous year, the company earned $0.25 earnings per share. Manitowoc's revenue for the quarter was down 4.0% compared to the same quarter last year. Analysts anticipate that Manitowoc will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Robert W. Baird lowered their target price on Manitowoc from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Barclays raised their target price on Manitowoc from $9.00 to $11.00 and gave the company an "underweight" rating in a research report on Monday, July 21st. Wall Street Zen downgraded Manitowoc from a "hold" rating to a "sell" rating in a research note on Saturday. Finally, UBS Group increased their price target on Manitowoc from $9.00 to $11.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company's stock. According to data from MarketBeat, Manitowoc has a consensus rating of "Hold" and an average target price of $11.00.

Hedge Funds Weigh In On Manitowoc

Several hedge funds have recently made changes to their positions in MTW. AQR Capital Management LLC grew its stake in Manitowoc by 35.7% in the second quarter. AQR Capital Management LLC now owns 394,281 shares of the industrial products company's stock worth $4,739,000 after purchasing an additional 103,829 shares during the period. Marshall Wace LLP boosted its position in shares of Manitowoc by 56.4% during the second quarter. Marshall Wace LLP now owns 371,498 shares of the industrial products company's stock valued at $4,465,000 after buying an additional 134,013 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Manitowoc by 49.4% in the second quarter. JPMorgan Chase & Co. now owns 364,915 shares of the industrial products company's stock valued at $4,386,000 after acquiring an additional 120,658 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Manitowoc by 154.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 340,280 shares of the industrial products company's stock valued at $4,090,000 after acquiring an additional 206,313 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of Manitowoc by 2.4% in the second quarter. Bridgeway Capital Management LLC now owns 327,860 shares of the industrial products company's stock worth $3,941,000 after buying an additional 7,720 shares during the period. 78.66% of the stock is owned by hedge funds and other institutional investors.

About Manitowoc

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. 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.