Manitex International (MNTX) Scheduled to Post Earnings on Thursday

Manitex International (NASDAQ:MNTX) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.05 per share for the quarter. Manitex International has set its FY 2024 guidance at EPS.

Manitex International (NASDAQ:MNTX) last issued its quarterly earnings data on Thursday, February 29th. The industrial products company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.19. The business had revenue of $78.65 million for the quarter, compared to the consensus estimate of $74.83 million. Manitex International had a net margin of 2.52% and a return on equity of 16.98%. On average, analysts expect Manitex International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Manitex International Stock Up 0.9 %

MNTX stock traded up $0.05 on Friday, reaching $5.60. 6,688 shares of the company traded hands, compared to its average volume of 62,391. The company has a market cap of $113.51 million, a P/E ratio of 15.56 and a beta of 0.79. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.57 and a quick ratio of 0.68. Manitex International has a one year low of $3.72 and a one year high of $9.16. The firm has a fifty day simple moving average of $6.42 and a 200-day simple moving average of $6.66.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Manitex International from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions in the United States, Italy, Canada, Chile, France, and internationally. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks, truck cranes, and sign cranes products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction; and truck-mounted aerial platforms.