Manitowoc Company Inc (MTW) was Initiated by Deutsche Bank to “Hold” and the brokerage firm has set the Price Target at $5.25. Deutsche Bank advised their investors in a research report released on Sep 7, 2016.
On the company’s financial health, Manitowoc Company Inc reported $0.04 EPS for the quarter, based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus estimate of $0.04. The company had revenue of $457.70 million for the quarter, compared to analysts expectations of $463.99 million. The company’s revenue was down -4.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.
Manitowoc Company Inc closed down -0.05 points or -1.02% at $4.85 with 13,27,731 shares getting traded on Thursday. Post opening the session at $4.92, the shares hit an intraday low of $4.76 and an intraday high of $4.92 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on Feb 17, 2016, Lawrence Joseph Weyers (Senior Vice President) sold 1,472 shares at $15.20 per share price. According to the SEC, on Feb 17, 2016, Thomas G Musial (SVP HR and Administration) sold 4,941 shares at $15.23 per share price. On Feb 17, 2016, Carl J Laurino (SVP and CFO) sold 5,803 shares at $15.18 per share price, according to the Form-4 filing with the securities and exchange commission.
The Manitowoc Company Inc. (MTW) is a multi-industry capital goods manufacturer. The Company operates in two markets: Cranes and Related Products (Crane) and Foodservice Equipment (Foodservice). Crane is a provider of engineered lifting equipment for the global construction industry including lattice-boom cranes tower cranes mobile telescopic cranes and boom trucks. Foodservice is a manufacturer of commercial foodservice equipment serving the ice beverage refrigeration food-preparation holding and cooking needs of restaurants convenience stores hotels healthcare and institutional applications. Its Crane products are marketed under the Manitowoc Grove Potain National Crane Shuttlelift and Manitowoc Crane Care brand names. Its Foodservice products services and solutions are marketed under Cleveland Convotherm Dean Delfield Fabristeel Frymaster Garland Inducs Koolaire Kolpak Kysor Panel Systems and U.S. Range Lincoln Manitowoc Ice and Merrychef among others.