最新ニュース Manitowoc Co (NYSE:MTW) 株価情報

Manitowoc Co

Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.

Manitowoc Company, Inc. (The) Common Stock

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U.S. stock futures were slightly lower this morning, with the Nasdaq futures falling around 0.1% on Friday.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERIC#NASDAQ">ERIC</a>) fell sharply in today's pre-market trading after the company reported fourth-quarter fiscal <a href="https://www.benzinga.com/news/earnings/25/01/43186252/ericsson-q4-earnings-sales-climb-1-north-america-shines-dividend-raise-guidance-and-more">2024 results on Friday</a>.
The Swedish telecom equipment maker's sales grew 1% year-over-year to 72.9 billion Swedish Krona, driven by 54% growth in the North American market. In USD, sales of $6.77 billion missed the analyst consensus estimate of $6.93 billion. Ericsson reported an EPS of SEK 1.44 versus SEK 1.02 Y/Y. In USD, EPS of $0.13 missed the analyst consensus estimate of $0.19.
Ericsson shares tumbled 8.7% to $8.13 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Mineralys Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLYS#NASDAQ">MLYS</a>) shares dipped 29.8% to $7.20 in pre-market trading.</li>
<li>First Financial Bancorp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFBC#NASDAQ">FFBC</a>) declined 13.8% to $24.11 in pre-market trading after the company reported fourth-quarter results.</li>
<li>Valens Semiconductor Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) fell 12% to $2.58 in pre-market trading after declining 3% on Thursday.</li>
<li>Acacia Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACTG#NASDAQ">ACTG</a>) fell 11.7% to $3.86 in today's pre-market trading.</li>
<li>Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) shares dipped 10.9% to $54.49 in pre-market trading  after the company provided preliminary fourth-quarter guidance and proposed a $75 million private offering of convertible senior notes due 2030.</li>
<li>The Manitowoc Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares tumbled 10.2% to $8.95 in pre-market trading.</li>
<li>Arcus Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCUS#NASDAQ">RCUS</a>) shares fell 9.9% to $12.01 in pre-market trading.</li>
<li>East West Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) shares declined 6.6% to $96.64 in pre-market trading after the company reported worse-than-expected Q4 earnings results.</li>
</ul>
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Pre-Market Outlook

Intraday Update

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Ericsson Posts Weak Results, Joins East West Bancorp And Other Big Stocks Moving Lower In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) stock moved upwards by 17.9% to $2.7 during Friday's pre-market session. The market value of their outstanding shares is at $18.9 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares increased by 16.36% to $1.28. The market value of their outstanding shares is at $457.7 million. </li>
<li>Hyperscale Data (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#AMEX">GPUS</a>) stock increased by 15.22% to $5.6. The company's market cap stands at $6.2 million. </li>
<li>Lakeside Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSH#NASDAQ">LSH</a>) stock increased by 15.22% to $2.27. The company's market cap stands at $17.0 million. </li>
<li>Stardust Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) stock moved upwards by 9.75% to $1.35. The market value of their outstanding shares is at $64.7 million. </li>
<li>NET Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) stock increased by 9.0% to $10.9. The market value of their outstanding shares is at $820.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) stock declined by 32.2% to $0.52 during Friday's pre-market session. The market value of their outstanding shares is at $4.0 million. </li>
<li>Azul (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZUL#NYSE">AZUL</a>) stock declined by 13.62% to $2.03. The company's market cap stands at $235.3 million. </li>
<li>Concrete Pumping Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBCP#NASDAQ">BBCP</a>) shares decreased by 10.61% to $7.84. The market value of their outstanding shares is at $415.5 million. </li>
<li>Quest Resource Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRHC#NASDAQ">QRHC</a>) shares fell 8.28% to $5.32. The company's market cap stands at $108.4 million. </li>
<li>Covenant Logistics Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVLG#NYSE">CVLG</a>) stock fell 6.74% to $27.0. The company's market cap stands at $711.7 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares fell 6.73% to $9.3. The market value of their outstanding shares is at $326.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Primech Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMEC#NASDAQ">PMEC</a>) stock rose 32.7% to $0.98 during Thursday's pre-market session. The company's market cap stands at $37.4 million. </li>
<li>Symbotic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) shares rose 21.59% to $32.55. The company's market cap stands at $3.4 billion. </li>
<li>Addentax Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXG#NASDAQ">ATXG</a>) shares moved upwards by 17.51% to $0.79. The market value of their outstanding shares is at $4.7 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares moved upwards by 10.71% to $3.72. The company's market cap stands at $51.1 million. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) shares increased by 10.57% to $2.3. The market value of their outstanding shares is at $3.7 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) shares increased by 10.07% to $4.48. The market value of their outstanding shares is at $249.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nauticus Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KITT#NASDAQ">KITT</a>) stock fell 14.2% to $2.66 during Thursday's pre-market session. The market value of their outstanding shares is at $17.0 million. </li>
<li>Quest Resource Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRHC#NASDAQ">QRHC</a>) shares declined by 12.81% to $5.31. The company's market cap stands at $108.2 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares declined by 10.6% to $0.84. The company's market cap stands at $3.7 million. </li>
<li>Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares declined by 10.57% to $8.21. The company's market cap stands at $288.3 million. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) shares decreased by 10.18% to $0.97. The market value of their outstanding shares is at $13.5 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares fell 8.23% to $5.8. The company's market cap stands at $15.2 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Symbotic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) stock increased by 14.3% to $30.6 during Thursday's pre-market session. The market value of their outstanding shares is at $3.2 billion. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock increased by 10.07% to $4.48. The company's market cap stands at $249.9 million. </li>
<li>American Rebel Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AREB#NASDAQ">AREB</a>) stock moved upwards by 9.61% to $2.28. The company's market cap stands at $3.7 million. </li>
<li>SUNation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) shares rose 8.05% to $2.28. The company's market cap stands at $4.3 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 7.43% to $0.22. The market value of their outstanding shares is at $10.1 million. </li>
<li>Beam Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BEEM#NASDAQ">BEEM</a>) stock increased by 6.6% to $3.39. The company's market cap stands at $50.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Quest Resource Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRHC#NASDAQ">QRHC</a>) stock fell 12.8% to $5.31 during Thursday's pre-market session. The market value of their outstanding shares is at $108.2 million. </li>
<li>Nocera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCRA#NASDAQ">NCRA</a>) stock decreased by 11.23% to $0.96. The company's market cap stands at $13.4 million. </li>
<li>Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) shares fell 10.57% to $8.21. The market value of their outstanding shares is at $288.3 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock fell 8.2% to $0.87. The market value of their outstanding shares is at $3.8 million. </li>
<li>Sentage Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNTG#NASDAQ">SNTG</a>) stock declined by 7.41% to $1.75. The company's market cap stands at $4.9 million. </li>
<li>Elong Power Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELPW#NASDAQ">ELPW</a>) stock decreased by 6.68% to $0.96. The company's market cap stands at $48.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Baird analyst Mircea Dobre maintains Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) with a Neutral and lowers the price target from $13 to $12.

Price Target

Analyst Ratings

Baird Maintains Neutral on Manitowoc Co, Lowers Price Target to $12

Manitowoc shares are trading lower after the company reported mixed Q3 financial results.

Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $0.06 by 233.33 percent. The company reported quarterly sales of $524.800 million which beat the analyst consensus estimate of $516.493 million by 1.61 percent. This is a 0.75 percent increase over sales of $520.900 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Manitowoc Co Q3 2024 Adj. EPS $(0.08) Misses $0.06 Estimate, Sales $524.800M Beat $516.493M Estimate

JP Morgan analyst Tami Zakaria maintains Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) with a Neutral and raises the price target from $10 to $12.

JP Morgan Maintains Neutral on Manitowoc Co, Raises Price Target to $12

<h3>Gainers</h3>
<ul>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) stock increased by 6.5% to $0.44 during Tuesday's after-market session. The company's market cap stands at $70.9 million. </li>
<li>Exela Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XELA#NASDAQ">XELA</a>) stock increased by 4.95% to $2.12. The company's market cap stands at $13.4 million. </li>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) stock rose 4.9% to $1.07. The company's market cap stands at $19.3 million. </li>
<li>Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) stock increased by 4.73% to $9.73. The company's market cap stands at $345.8 million. </li>
<li>Aqua Metals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AQMS#NASDAQ">AQMS</a>) shares moved upwards by 4.54% to $0.15. The market value of their outstanding shares is at $20.3 million. </li>
<li>ConnectM Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTM#NASDAQ">CNTM</a>) stock rose 4.46% to $1.1. The company's market cap stands at $27.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 6.9% to $0.94 during Tuesday's after-market session. The company's market cap stands at $3.9 million. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock decreased by 5.86% to $0.18. The market value of their outstanding shares is at $5.8 million. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) shares fell 4.73% to $2.62. The company's market cap stands at $28.8 million. </li>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) stock decreased by 4.35% to $0.29. The market value of their outstanding shares is at $6.2 million. </li>
<li>Professional Diversity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPDN#NASDAQ">IPDN</a>) stock decreased by 3.53% to $0.94. The market value of their outstanding shares is at $11.9 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares fell 3.26% to $1.19. The market value of their outstanding shares is at $132.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's After-Market Session

Offerings

Manitowoc Prices $300M Private Offering Of 9.25% Senior Secured Notes Due 2031, Plans To Use Proceeds To Redeem Existing 9.00% Notes Due 2026 And Increase Credit Facility​

The Manitowoc Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) ("Manitowoc") announced today that it has commenced a private offering (the "Offering") of $300,000,000 aggregate principal amount of senior secured second lien notes due 2031 (the "Notes"), subject to market and other conditions, including Manitowoc entering into an amendment to its existing asset-based revolving credit facility that will among other things increase the commitments by $50 million to $325 million (as amended, the "Amended ABL Credit Facility"). The Notes will be guaranteed on a senior secured second lien basis, jointly and severally, by each of Manitowoc's domestic subsidiaries that will continue to guarantee the Amended ABL Credit Facility. There can be no assurance that the Offering or the Amended ABL Credit Facility will be completed on a timely basis, or at all.
Manitowoc intends to use the net proceeds from the Offering, together with other cash on hand as necessary, to (i) redeem all of its outstanding 9.00% Senior Secured Second Lien Notes due 2026 (the "Existing Notes"); and (ii) pay related fees and expenses. Manitowoc intends to use any remaining net proceeds for general corporate purposes.

The Manitowoc Company Proposes Offering Of $300M Of Senior Secured Second Lien Notes Due 2031

During the last three months, 5 analysts shared their evaluations of Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $12.06, a high estimate of $14.50, and a low estimate of $9.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 16.25%. 
<img src="https://www.benzinga.com/files/images/story/2024/1723233612_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
A comprehensive examination of how financial experts perceive Manitowoc Co is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$11.30</td>
<td>$13.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$9.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$13.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.50</td>
<td>$18.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Manitowoc Co. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Manitowoc Co compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Manitowoc Co's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Manitowoc Co's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/MTW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Manitowoc Co analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Manitowoc Co: A Closer Look</h2>
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.
<h3>A Deep Dive into Manitowoc Co's Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Manitowoc Co's financials over 3 months reveals challenges. As of 31 March, 2024, the company experienced a decline of approximately -2.6% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Manitowoc Co's net margin excels beyond industry benchmarks, reaching 0.91%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Manitowoc Co's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 0.75%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Manitowoc Co's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.26%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Manitowoc Co's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.77.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Ratings For Manitowoc Co

Goldman Sachs analyst Jerry Revich maintains Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) with a Sell and lowers the price target from $13 to $11.3.

Goldman Sachs Maintains Sell on Manitowoc Co, Lowers Price Target to $11.3

Barclays analyst Adam Seiden maintains Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) with a Underweight and lowers the price target from $12 to $9.

Barclays Maintains Underweight on Manitowoc Co, Lowers Price Target to $9

Updated Full-Year 2024 Guidance
Manitowoc is updating its full-year 2024 guidance as follows:
Net sales – $2.175 billion to $2.225 billion (previously $2.275 billion to $2.375 billion)
Adjusted EBITDA – $125 million to $140 million (previously $150 million to $180 million)
Depreciation and amortization - $60 million to $63 million (previously $63 million to $67 million)
Interest expense - $36 million to $38 million (previously $32 million to $34 million)
Provision for income taxes - $9 million to $13 million (previously $18 million to $22 million)
Adjusted diluted earnings per share - $0.45 to $0.90 (previously $0.95 to $1.55)
Capital expenditures - $60 million of which approximately $25 million is for the rental fleet
Free cash flows - $30 million to $50 million (previously $30 million to $60 million)

Guidance

The Manitowoc Company Updates FY24 EPS Guidance From $0.95-$1.55 To $0.45-$0.90 Vs $1.17 Est.; Revenue From $2.275B-$2.375B To $2.175B-$2.225B Vs $2.28B Est.

Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) reported quarterly earnings of $0.25 per share which missed the analyst consensus estimate of $0.49 by 48.98 percent. This is a 66.67 percent decrease over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $562.10 million which missed the analyst consensus estimate of $598.09 million by 6.02 percent. This is a 6.75 percent decrease over sales of $602.80 million the same period last year.

Manitowoc Co Q2 Adj $0.25 Misses $0.49 Estimate, Sales $562.10M Miss $598.09M Estimate

Manitowoc shares are trading lower. The company reported Q2 financial results.

Goldman Sachs analyst Jerry Revich maintains Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) with a Sell and lowers the price target from $15 to $13.

Goldman Sachs Maintains Sell on Manitowoc Co, Lowers Price Target to $13

4 analysts have shared their evaluations of Manitowoc Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $13.5, a high estimate of $15.00, and a low estimate of $12.00. Observing a downward trend, the current average is 15.62% lower than the prior average price target of $16.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1720634474_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Manitowoc Co. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$14.50</td>
<td>$18.00</td>
</tr>
<tr>
<td>Adam Seiden</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$12.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$17.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Manitowoc Co. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Manitowoc Co compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Manitowoc Co's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Manitowoc Co's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MTW/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Manitowoc Co analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Manitowoc Co</h2>
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment generates the majority of the revenue for the company.
<h3>Manitowoc Co's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Manitowoc Co's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -2.6%. This indicates a decrease in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Manitowoc Co's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.91%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of 0.75%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Manitowoc Co's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.26%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a below-average debt-to-equity ratio of 0.77, Manitowoc Co adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Critical Insights From Manitowoc Co Analyst Ratings: What You Need To Know

The Manitowoc Company, Inc. 2024 Q3 - Results - Earnings Call Presentation

The Manitowoc Company, Inc. (MTW) Q3 2024 Earnings Call Transcript

In a report released today, Mircea Dobre from Robert W. Baird maintained a Hold rating on Manitowoc Company (MTW – Research Report). The company's ...

Manitowoc Company (MTW) Receives a Hold from Robert W. Baird

Baird lowered the firm's price target on Manitowoc (MTW) to $12 from $13 and keeps a Neutral rating on the shares after the company reported quarte...

Manitowoc price target lowered to $12 from $13 at Baird

Manitowoc Company ( ($MTW) ) has released its Q3 earnings. Here is a breakdown of the information Manitowoc Company presented to its investors. The...

Manitowoc Company Reports Third-Quarter 2024 Results

The Manitowoc (MTW) Company reported that it agreed to the terms of a Consent Decree with the U.S. Environmental Protection Agency and the U.S. Dep...

Manitowoc agrees to settle U.S. EPA matter for $42.6M

Barclays analyst Adam Seiden assigned a Sell rating to Manitowoc Company (MTW – Research Report) today and set a price target of $9.00. The company...

Manitowoc Company (MTW) Receives a Sell from Barclays

The Manitowoc Company: To Much Uncertainty, Better To Avoid For Now

Matthews International sent a letter to its shareholders emphasizing the Company's commitment to long-term value creation. Key highlights from the ...

Manitowoc sends letter to shareholders on voting director nominees

Manitowoc (MTW) did not send a letter to shareholders yesterday regarding director nominees. The previous story has been removed. Published first o...

Correction: Manitowoc did not send letter on director nominees

Press Releases

The Manitowoc Company Schedules Second-quarter 2024 Earnings Announcement and Conference Call

The Manitowoc Company Reports Second-Quarter 2024 Financial Results; Updates Full-Year 2024 Guidance

The Manitowoc Company to Present and Host 1x1 Investor Meetings at the Midwest IDEAS Conference on Thursday, August 29, 2024

The Manitowoc Company, Inc. Announces Proposed Offering of $300 Million of Senior Secured Second Lien Notes due 2031

The Manitowoc Company, Inc. Announces Pricing of $300 Million of Senior Secured Second Lien Notes due 2031

The Manitowoc Company Schedules Third-quarter 2024 Earnings Announcement and Conference Call

The Manitowoc Company Reports Third-Quarter 2024 Financial Results

Manitowoc Recognized as One of 2024 "Best for Vets" Employers by Military Times

Manitowoc Named One of 'America's Most Responsible Companies 2025' for Third Consecutive Year

The Manitowoc Company reaches agreement to settle U.S. EPA matter regarding its emissions certification and compliance process

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