NYSE:MTW - Manitowoc Stock Price, Forecast & News

Manitowoc's stock was trading at $10.48 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MTW shares have decreased by 20.8% and is now trading at $8.30. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Manitowoc.

Manitowoc is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for Manitowoc.

Manitowoc Company Inc (NYSE:MTW) posted its quarterly earnings results on Thursday, February, 6th. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. The industrial products company earned $463.40 million during the quarter, compared to analyst estimates of $493.31 million. Manitowoc had a net margin of 2.54% and a return on equity of 11.03%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 earnings per share. View Manitowoc's earnings history.

Manitowoc shares reverse split 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 market closes on Friday, November 17th 2017. An investor that had 100 shares of Manitowoc stock prior to the reverse split would have 25 shares after the split.

Manitowoc updated its FY 2020 After-Hours earnings guidance on Thursday, February, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.6-1.7 billion, compared to the consensus revenue estimate of $1.73 billion.

8 Wall Street analysts have issued twelve-month target prices for Manitowoc's shares. Their forecasts range from $14.00 to $20.00. On average, they anticipate Manitowoc's share price to reach $17.20 in the next twelve months. This suggests a possible upside of 107.2% from the stock's current price. View analysts' price targets for Manitowoc.

Media stories about MTW stock have been trending very positive this week, InfoTrie reports. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Manitowoc earned a daily sentiment score of 3.2 on InfoTrie's scale. They also assigned media stories about the industrial products company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutManitowoc.

Manitowoc saw a decrease in short interest in March. As of March 13th, there was short interest totaling 1,600,700 shares, a decrease of 5.8% from the February 27th total of 1,700,000 shares. Based on an average daily trading volume, of 424,600 shares, the short-interest ratio is presently 3.8 days. Currently, 4.6% of the shares of the stock are sold short. View Manitowoc's Current Options Chain.

Some companies that are related to Manitowoc include Caterpillar (CAT), Deere & Company (DE), PACCAR (PCAR), Cummins (CMI), Westinghouse Air Brake Technologies (WAB), Toro (TTC), WABCO (WBC), Oshkosh (OSK), AGCO (AGCO), Trinity Industries (TRN), Federal Signal (FSS), Navistar International (NAV), Alamo Group (ALG), Terex (TEX) and Meritor (MTOR).

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

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

Shares of MTW can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MTW stock can currently be purchased for approximately $8.30.

Manitowoc has a market capitalization of $293.63 million and generates $1.83 billion in revenue each year. The industrial products company earns $46.60 million in net income (profit) each year or $1.89 on an earnings per share basis. Manitowoc employs 4,900 workers across the globe. View additional information about Manitowoc.

The official website for Manitowoc is http://www.manitowoccranes.com/.

Manitowoc's mailing address is 11270 West Park Place Suite 1000, Milwaukee WI, 53224. The industrial products company can be reached via phone at 414-760-4600 or via email at [email protected]