Brokerages expect Manitex International Inc (NASDAQ:MNTX) to report $0.08 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Manitex International’s earnings. The lowest EPS estimate is $0.05 and the highest is $0.11. Manitex International posted earnings of $0.02 per share during the same quarter last year, which indicates a positive year over year growth rate of 300%. The firm is scheduled to report its next earnings report on Monday, March 26th.
On average, analysts expect that Manitex International will report full-year earnings of $0.23 per share for the current fiscal year, with EPS estimates ranging from $0.20 to $0.26. For the next year, analysts anticipate that the company will report earnings of $0.44 per share, with EPS estimates ranging from $0.41 to $0.46. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Manitex International.
Manitex International (NASDAQ:MNTX) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $56.46 million during the quarter. Manitex International had a positive return on equity of 3.09% and a negative net margin of 8.93%.
MNTX has been the subject of a number of research reports. Roth Capital upgraded Manitex International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $10.00 to $11.00 in a report on Thursday, February 8th. Zacks Investment Research downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 3rd.
Several large investors have recently bought and sold shares of MNTX. BlueCrest Capital Management Ltd bought a new position in shares of Manitex International during the fourth quarter worth about $138,000. OxFORD Asset Management LLP acquired a new position in Manitex International during the third quarter valued at approximately $189,000. Algert Global LLC acquired a new position in Manitex International during the third quarter valued at approximately $243,000. Bank of New York Mellon Corp boosted its position in Manitex International by 118.8% during the fourth quarter. Bank of New York Mellon Corp now owns 31,305 shares of the industrial products company’s stock valued at $300,000 after purchasing an additional 17,000 shares during the last quarter. Finally, Beddow Capital Management Inc. boosted its position in Manitex International by 16.7% during the fourth quarter. Beddow Capital Management Inc. now owns 35,000 shares of the industrial products company’s stock valued at $336,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 61.04% of the company’s stock.
Manitex International (NASDAQ:MNTX) traded up $0.34 during trading hours on Friday, hitting $10.87. The company had a trading volume of 9,234 shares, compared to its average volume of 71,217. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 1.38. The company has a market capitalization of $176.16, a P/E ratio of 59.11 and a beta of 1.64. Manitex International has a fifty-two week low of $6.21 and a fifty-two week high of $12.04.
Manitex International Company Profile
Manitex International, Inc is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment, the A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
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