Zacks: Brokerages Anticipate Manitex International Inc (NASDAQ:MNTX) to Post -$0.07 Earnings Per Share

Wall Street analysts forecast that Manitex International Inc (NASDAQ:MNTX) will announce earnings of ($0.07) per share for the current quarter, according to Zacks. Zero analysts have made estimates for Manitex International’s earnings. Manitex International posted earnings of $0.06 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 216.7%. The firm is expected to announce its next earnings report on Thursday, August 13th.

On average, analysts expect that Manitex International will report full-year earnings of $0.01 per share for the current fiscal year. For the next financial year, analysts expect that the company will report earnings of $0.51 per share. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Manitex International.

Manitex International (NASDAQ:MNTX) last released its quarterly earnings data on Thursday, May 7th. The industrial products company reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.10. Manitex International had a positive return on equity of 4.30% and a negative net margin of 7.81%. The company had revenue of $48.73 million during the quarter.

Separately, ValuEngine cut Manitex International from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $6.75.

MNTX traded up $0.10 during trading on Friday, hitting $5.08. The company’s stock had a trading volume of 51,393 shares, compared to its average volume of 24,911. The business’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.86. The firm has a market cap of $98.40 million, a PE ratio of -5.79, a P/E/G ratio of 49.80 and a beta of 1.26. Manitex International has a one year low of $2.76 and a one year high of $6.79. The company has a quick ratio of 0.79, a current ratio of 1.55 and a debt-to-equity ratio of 0.43.

Hedge funds have recently modified their holdings of the stock. Adirondack Research & Management Inc. grew its stake in Manitex International by 14.4% during the 4th quarter. Adirondack Research & Management Inc. now owns 237,679 shares of the industrial products company’s stock worth $1,414,000 after buying an additional 29,864 shares during the last quarter. Heartland Advisors Inc. purchased a new stake in Manitex International in the fourth quarter valued at about $110,000. Cannell Capital LLC boosted its holdings in Manitex International by 12.4% in the fourth quarter. Cannell Capital LLC now owns 241,852 shares of the industrial products company’s stock worth $1,439,000 after acquiring an additional 26,603 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Manitex International by 9.9% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 937,147 shares of the industrial products company’s stock worth $5,576,000 after acquiring an additional 84,540 shares during the last quarter. Finally, First Wilshire Securities Management Inc. increased its holdings in shares of Manitex International by 1.8% during the fourth quarter. First Wilshire Securities Management Inc. now owns 933,563 shares of the industrial products company’s stock valued at $5,555,000 after acquiring an additional 16,158 shares in the last quarter. 50.93% of the stock is currently owned by institutional investors.

Manitex International Company Profile

Manitex International, Inc provides engineered lifting solutions worldwide. The company designs, manufactures, and distributes products that are used in various industries. It also offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development comprising roads, bridges, and commercial construction.

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