Manitowoc - MTW Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last twelve months. There are currently 1 sell rating and 8 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MTW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTW, but not buy additional shares or sell existing shares.
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9 brokerages have issued 12 month price objectives for Manitowoc's shares. Their MTW share price forecasts range from $10.00 to $21.00. On average, they anticipate the company's stock price to reach $13.88 in the next year. This suggests that the stock has a possible downside of 14.5%.
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Manitowoc's stock was trading at $9.16 at the beginning of the year. Since then, MTW stock has increased by 77.1% and is now trading at $16.22.
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Manitowoc saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 1,110,000 shares, an increase of 16.2% from the February 13th total of 955,400 shares. Based on an average daily trading volume, of 278,200 shares, the days-to-cover ratio is presently 4.0 days. Approximately 3.3% of the company's shares are sold short.
View Manitowoc's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our MTW earnings forecast.

The Manitowoc Company, Inc. (NYSE:MTW) released its quarterly earnings results on Tuesday, February, 21st. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.51. The industrial products company had revenue of $621.60 million for the quarter, compared to analyst estimates of $562.36 million. Manitowoc had a negative net margin of 6.08% and a positive trailing twelve-month return on equity of 6.09%. During the same period in the prior year, the company earned $0.27 EPS.

ETFs with the largest weight of Manitowoc (NYSE:MTW) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM).iShares Micro-Cap ETF (IWC).

Manitowoc shares 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 market closes 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 updated its FY23 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of ~$0.35-1.15 for the period, compared to the consensus EPS estimate of $0.52. The company issued revenue guidance of ~$2.0-2.1 billion, compared to the consensus revenue estimate of $1.94 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 Front Street Capital Management Inc. (7.40%), Front Street Capital Management Inc. (7.40%), Dimensional Fund Advisors LP (6.42%), Millennium Management LLC (2.73%), AQR Capital Management LLC (2.46%) and Charles Schwab Investment Management Inc. (2.11%). 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 $16.22.

Manitowoc (NYSE:MTW) has a market capitalization of $570.46 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 ($3.52) 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.