Manitowoc (MTW) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last twelve months. There are currently 1 sell rating and 7 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" MTW shares.
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8 Wall Street analysts have issued 1 year target prices for Manitowoc's stock. Their MTW share price forecasts range from $13.00 to $22.00. On average, they anticipate the company's share price to reach $17.19 in the next twelve months. This suggests a possible upside of 13.7% from the stock's current price.
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Manitowoc's stock was trading at $9.16 at the beginning of 2023. Since then, MTW stock has increased by 65.0% and is now trading at $15.11.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
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The Manitowoc Company, Inc. (NYSE:MTW) issued its earnings results on Monday, August, 7th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.25 by $0.50. The industrial products company earned $602.80 million during the quarter, compared to the consensus estimate of $525 million. Manitowoc had a negative net margin of 4.80% and a positive trailing twelve-month return on equity of 12.60%. The firm's revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS.

First Trust Dow Jones Select Microcap Index Fund holds 94,263 shares of MTW stock, representing 1.03% of its portfolio.

Shares of Manitowoc reverse split on the morning of Monday, November 20th 2017. The 1-4 reverse split was announced on Friday, November 17th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, November 17th 2017. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Manitowoc issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $1.10-$1.70 for the period, compared to the consensus estimate of $1.18. The company issued revenue guidance of $2.10 billion-$2.20 billion, compared to the consensus revenue estimate of $2.10 billion.

28 employees have rated Manitowoc Chief Executive Officer Glen E. Tellock on Glassdoor.com. Glen E. Tellock has an approval rating of 47% among the company's employees. This puts Glen E. Tellock in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manitowoc investors own include Welbilt (WBT), Caterpillar (CAT), Gilead Sciences (GILD), Micron Technology (MU), Wells Fargo & Company (WFC), Costco Wholesale (COST), Allergan (AGN), Applied Materials (AMAT), Cisco Systems (CSCO) and Tesla (TSLA).

Manitowoc trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTW."

Manitowoc's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.56%), Front Street Capital Management Inc. (7.12%), Dimensional Fund Advisors LP (6.79%), Charles Schwab Investment Management Inc. (2.17%), State Street Corp (2.06%) and Geode Capital Management LLC (1.98%). Insiders that own company stock include Aaron H Ravenscroft, Anne E Belec, Brian P Regan, John Charles Pfeifer, Kenneth W Krueger and Leslie L Middleton.
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Shares of MTW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTW stock can currently be purchased for approximately $15.11.

Manitowoc (NYSE:MTW) has a market capitalization of $529.45 million and generates $2.03 billion in revenue each year. The industrial products company earns $-123,600,000.00 in net income (profit) each year or ($3.00) on an earnings per share basis.

The company employs 4,800 workers across the globe.

Manitowoc's mailing address is 11270 West Park Place Suite 1000, Milwaukee WI, 53224. The official website for the company is www.manitowoccranes.com. The industrial products company can be reached via phone at (414) 760-4600, via email at ion.warner@manitowoc.com, or via fax at 920-683-8129.