NYSE:MTWManitowoc Stock Price, Forecast & News

Manitowoc's stock was trading at $10.48 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, MTW shares have decreased by 2.5% and is now trading at $10.22. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manitowoc in the last year. There are currently 1 sell rating, 7 hold ratings and 1 buy rating 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, August 13th 2020. View our earnings forecast for Manitowoc.

Manitowoc Company Inc (NYSE:MTW) issued its quarterly earnings results on Thursday, May, 7th. The industrial products company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.08. The industrial products company had revenue of $329.20 million for the quarter, compared to the consensus estimate of $353.73 million. Manitowoc had a return on equity of 9.41% and a net margin of 3.75%. Manitowoc's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 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.

9 equities research analysts have issued twelve-month price targets for Manitowoc's stock. Their forecasts range from $10.00 to $20.00. On average, they anticipate Manitowoc's stock price to reach $14.50 in the next year. This suggests a possible upside of 41.9% from the stock's current price. View analysts' price targets for Manitowoc.

News stories about MTW stock have been trending negative recently, InfoTrie reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Manitowoc earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news articles about the industrial products company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news about Manitowoc.

Manitowoc saw a decline in short interest in June. As of June 30th, there was short interest totaling 1,180,000 shares, a decline of 13.2% from the June 15th total of 1,360,000 shares. Based on an average daily volume of 498,400 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.5% of the shares of the company 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), Oshkosh (OSK), AGCO (AGCO), Navistar International (NAV), Trinity Industries (TRN), Federal Signal (FSS), Meritor (MTOR), Terex (TEX), Alamo Group (ALG) and Lindsay (LNN). View all competitors.

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

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 $10.22.

Manitowoc has a market capitalization of $352.68 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.

The official website for Manitowoc is 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]