Manitowoc (NYSE:MTW) Updates FY 2025 Earnings Guidance

Manitowoc (NYSE:MTW) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.150-0.850 for the period, compared to the consensus estimate of 0.730. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.2 billion.

Manitowoc Stock Down 1.8 %

NYSE MTW traded down $0.18 during midday trading on Wednesday, hitting $9.79. 387,733 shares of the company traded hands, compared to its average volume of 240,644. Manitowoc has a 52 week low of $8.30 and a 52 week high of $16.72. The company’s 50-day simple moving average is $9.40 and its 200-day simple moving average is $9.82. The company has a market cap of $343.92 million, a PE ratio of -36.26 and a beta of 1.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.97 and a quick ratio of 0.60.

Manitowoc (NYSE:MTW) last issued its quarterly earnings data on Wednesday, February 12th. The industrial products company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). Manitowoc had a negative net margin of 0.40% and a positive return on equity of 2.40%. As a group, equities research analysts forecast that Manitowoc will post 0.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on MTW. StockNews.com raised shares of Manitowoc from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Robert W. Baird decreased their price objective on Manitowoc from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.47.

About Manitowoc

The Manitowoc Company, Inc provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, the Asia Pacific, and internationally. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand.