Manitowoc (NYSE:MTW) Updates FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.450-0.900 for the period, compared to the consensus estimate of 0.770. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Analyst Ratings Changes

A number of research firms recently weighed in on MTW. Barclays cut their target price on shares of Manitowoc from $13.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 1st. Weiss Ratings cut shares of Manitowoc from a “hold (c)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $10.00 price objective (up from $9.00) on shares of Manitowoc in a research report on Friday, January 23rd. Finally, Wall Street Zen lowered Manitowoc from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 14th. Two equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Manitowoc has a consensus rating of “Strong Sell” and an average target price of $10.50.

Manitowoc Stock Up 6.4%

MTW stock opened at $13.67 on Wednesday. The company’s 50 day moving average is $12.91 and its two-hundred day moving average is $12.60. Manitowoc has a twelve month low of $7.58 and a twelve month high of $15.56. The company has a current ratio of 2.23, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The stock has a market cap of $490.93 million, a P/E ratio of 71.96 and a beta of 1.81.

Manitowoc (NYSE:MTW) last announced its quarterly earnings results on Tuesday, May 5th. The industrial products company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.17). Manitowoc had a return on equity of 1.71% and a net margin of 0.32%.The company had revenue of $494.60 million for the quarter, compared to analyst estimates of $517.00 million. During the same quarter in the prior year, the business earned ($0.16) earnings per share. Manitowoc’s revenue was up 5.0% compared to the same quarter last year. Manitowoc has set its FY 2026 guidance at 0.450-0.900 EPS. Research analysts expect that Manitowoc will post 0.68 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Manitowoc

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its position in shares of Manitowoc by 3.1% during the fourth quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock worth $277,000 after acquiring an additional 696 shares during the last quarter. Deutsche Bank AG boosted its stake in Manitowoc by 6.4% during the 4th quarter. Deutsche Bank AG now owns 33,847 shares of the industrial products company’s stock worth $406,000 after purchasing an additional 2,025 shares during the period. Intech Investment Management LLC grew its position in Manitowoc by 20.9% during the 3rd quarter. Intech Investment Management LLC now owns 13,752 shares of the industrial products company’s stock worth $138,000 after purchasing an additional 2,376 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Manitowoc by 131.0% in the second quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 2,575 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Manitowoc by 6.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 48,179 shares of the industrial products company’s stock valued at $578,000 after buying an additional 2,741 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Manitowoc Company Profile

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.