Manitowoc (NYSE:MTW) Posts Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Manitowoc (NYSE:MTW) released its earnings results on Thursday. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.35, Zacks reports. The firm had revenue of $594.90 million for the quarter, compared to the consensus estimate of $564.00 million. Manitowoc had a return on equity of 3.88% and a net margin of 0.87%.The firm’s revenue was up 10.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Manitowoc updated its FY 2026 guidance to 0.800-1.200 EPS.

Manitowoc Stock Performance

NYSE:MTW traded up $4.63 during mid-day trading on Friday, hitting $18.84. The company’s stock had a trading volume of 1,344,994 shares, compared to its average volume of 219,409. Manitowoc has a 1 year low of $9.09 and a 1 year high of $19.80. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.10 and a quick ratio of 0.72. The stock has a market cap of $676.47 million, a price-to-earnings ratio of 34.25 and a beta of 1.72. The business’s fifty day moving average is $13.24 and its two-hundred day moving average is $13.13.

Insiders Place Their Bets

In other Manitowoc news, Director Kenneth W. Krueger sold 9,000 shares of Manitowoc stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the completion of the transaction, the director owned 162,672 shares in the company, valued at approximately $1,919,529.60. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 3.96% of the company’s stock.

Institutional Trading of Manitowoc

Hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP purchased a new position in Manitowoc during the third quarter valued at approximately $47,000. Tower Research Capital LLC TRC boosted its position in Manitowoc by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,541 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 2,575 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Manitowoc in the 2nd quarter worth approximately $84,000. Caxton Associates LLP acquired a new stake in shares of Manitowoc during the 1st quarter worth approximately $112,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Manitowoc during the 3rd quarter worth approximately $138,000. Hedge funds and other institutional investors own 78.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MTW. Wall Street Zen upgraded Manitowoc from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Strong Sell” and a consensus target price of $10.33.

About Manitowoc

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.