Manitex International Inc. (MNTX) Expected to Post Q3 2018 Earnings of $0.18 Per Share

Manitex International Inc. (NASDAQ:MNTX) – Investment analysts at Seaport Global Securities upped their Q3 2018 earnings estimates for Manitex International in a report released on Wednesday, April 18th. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings of $0.18 per share for the quarter, up from their prior forecast of $0.12. Seaport Global Securities also issued estimates for Manitex International’s Q4 2018 earnings at $0.21 EPS and FY2018 earnings at $0.52 EPS.

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Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Manitex International from a “hold” rating to a “strong-buy” rating and set a $10.00 price target for the company in a research report on Wednesday, December 20th. Roth Capital upgraded Manitex International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $10.00 to $11.00 in a research report on Thursday, February 8th.

Shares of NASDAQ MNTX opened at $11.86 on Thursday. The firm has a market capitalization of $194.12, a PE ratio of 55.48 and a beta of 1.40. Manitex International has a fifty-two week low of $6.41 and a fifty-two week high of $12.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.39 and a quick ratio of 0.70.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings results on Wednesday, March 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). The company had revenue of $64.48 million during the quarter, compared to analysts’ expectations of $64.45 million. Manitex International had a negative net margin of 3.36% and a positive return on equity of 4.26%.

A number of large investors have recently bought and sold shares of MNTX. BlueCrest Capital Management Ltd bought a new stake in Manitex International during the fourth quarter valued at $138,000. OxFORD Asset Management LLP bought a new stake in Manitex International during the third quarter valued at $189,000. Algert Global LLC bought a new stake in Manitex International during the third quarter valued at $243,000. Bank of New York Mellon Corp boosted its stake 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 buying an additional 17,000 shares during the period. Finally, Beddow Capital Management Inc. boosted its stake 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 buying an additional 5,000 shares during the period. 60.64% of the stock is owned by institutional investors.

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About Manitex International

Manitex International, Inc provides engineered lifting and loading products worldwide. The company operates through three segments: Lifting Equipment, ASV, and Equipment Distribution segments. The Lifting Equipment segment designs, manufactures, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.

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