Manitex International Inc (MNTX) Releases Earnings Results, Beats Expectations By $0.08 EPS

Manitex International Inc (MNTX) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $-0.06. The company posted revenue of $102.36 million in the period, compared to analysts expectations of $95.15 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Manitex International Inc opened for trading at $6.54 and hit $6.82 on the upside on Wednesday, eventually ending the session at $6.65, with a gain of 0.15% or 0.01 points. The heightened volatility saw the trading volume jump to 45,974 shares. Company has a market cap of $107 M.

In a different news, on May 18, 2015, Ronald Michael Clark (director) purchased 3,500 shares at $7.83 per share price.

Manitex International Inc. is a provider of engineered specialty lifting and loading products. The Company operates in three business segments: the Lifting Equipment segment the ASV segment and the Equipment Distribution segment. In the Lifting Equipment segment the Company designs manufactures and distributes a diverse group of products that serve different functions and are used in a range of industries. In the ASV segment the Company manufactures a line of compact rubber tracked and skid steer loaders. In the Equipment Distribution segment the Company markets products used primarily for infrastructure development and commercial construction applications that include road and bridge construction general contracting roofing scrap handling and sign construction and maintenance.

Manitex International Inc

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