Equities analysts expect Manitex International Inc (NASDAQ:MNTX) to report earnings per share of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Manitex International’s earnings. Manitex International posted earnings of $0.11 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.2%. The business is scheduled to report its next quarterly earnings report on Thursday, November 7th.
On average, analysts expect that Manitex International will report full-year earnings of $0.32 per share for the current financial year. For the next year, analysts anticipate that the business will report earnings of $0.48 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Manitex International.
Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, August 8th. The industrial products company reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $60.97 million during the quarter. Manitex International had a positive return on equity of 6.11% and a negative net margin of 2.74%.
Several analysts have recently weighed in on MNTX shares. Dougherty & Co restated a “buy” rating on shares of Manitex International in a report on Wednesday, August 28th. ValuEngine raised Manitex International from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd.
In related news, CEO Steve Filipov bought 5,000 shares of Manitex International stock in a transaction dated Tuesday, September 3rd. The stock was acquired at an average cost of $5.60 per share, with a total value of $28,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,000 shares in the company, valued at approximately $308,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.07% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in shares of Manitex International during the second quarter valued at $68,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Manitex International during the second quarter valued at $77,000. Potrero Capital Research LLC purchased a new stake in shares of Manitex International during the second quarter valued at $389,000. Paloma Partners Management Co purchased a new stake in shares of Manitex International during the second quarter valued at $394,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Manitex International by 38.4% during the second quarter. JPMorgan Chase & Co. now owns 65,168 shares of the industrial products company’s stock valued at $359,000 after purchasing an additional 18,086 shares during the last quarter. 51.78% of the stock is owned by institutional investors and hedge funds.
Shares of Manitex International stock traded down $0.07 during trading on Friday, hitting $6.10. The stock had a trading volume of 28,323 shares, compared to its average volume of 53,901. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.83 and a quick ratio of 0.90. The firm has a market cap of $119.91 million, a P/E ratio of 18.48, a PEG ratio of 1.90 and a beta of 1.57. The business has a fifty day moving average of $6.02 and a two-hundred day moving average of $6.47. Manitex International has a fifty-two week low of $4.80 and a fifty-two week high of $9.80.
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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