Manitowoc (MTW) Stock Forecast, Price & News

8 Wall Street equities research 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 equities research analysts is that investors should "reduce" MTW shares.
View MTW analyst ratings or view top-rated stocks.

8 brokers have issued twelve-month target prices for Manitowoc's stock. Their MTW share price forecasts range from $13.00 to $22.00. On average, they predict the company's share price to reach $17.56 in the next year. This suggests a possible upside of 17.2% from the stock's current price.
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Manitowoc's stock was trading at $9.16 at the beginning of the year. Since then, MTW shares have increased by 63.6% and is now trading at $14.99.
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Manitowoc saw a decrease in short interest in August. As of August 15th, there was short interest totaling 1,220,000 shares, a decrease of 21.3% from the July 31st total of 1,550,000 shares. Based on an average daily trading volume, of 289,900 shares, the days-to-cover ratio is currently 4.2 days. Approximately 3.6% of the shares of the company are sold short.
View Manitowoc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our MTW earnings forecast.

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, beating the consensus estimate of $0.25 by $0.50. The industrial products company earned $602.80 million during the quarter, compared to analyst estimates of $525 million. Manitowoc had a negative net margin of 4.80% and a positive trailing twelve-month return on equity of 12.60%. Manitowoc's revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last 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.

Manitowoc's stock reverse split before market open on 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 earnings per share guidance of $1.10-$1.70 for the period, compared to the consensus EPS 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 variety 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.
View institutional ownership trends.

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 $14.99.

Manitowoc (NYSE:MTW) has a market capitalization of $525.25 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.