Manitowoc (NYSE:MTW) Releases FY 2026 Earnings Guidance

Manitowoc (NYSE:MTW) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.800-1.200 for the period, compared to the consensus earnings per share estimate of 0.590. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.2 billion.

Analyst Ratings Changes

MTW has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Manitowoc from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Manitowoc in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Strong Sell” and an average price target of $10.33.

Manitowoc Trading Up 0.1%

Shares of Manitowoc stock opened at $14.26 on Friday. The firm’s 50 day moving average is $13.10 and its 200 day moving average is $13.09. The firm has a market capitalization of $512.18 million, a PE ratio of 71.32 and a beta of 1.72. Manitowoc has a 1 year low of $9.09 and a 1 year high of $15.56. The company has a current ratio of 2.10, a quick ratio of 0.72 and a debt-to-equity ratio of 0.64.

Manitowoc (NYSE:MTW) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.35. The firm had revenue of $594.90 million for the quarter, compared to analyst estimates of $564.00 million. Manitowoc had a net margin of 0.33% and a return on equity of 1.85%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. Manitowoc has set its FY 2026 guidance at 0.800-1.200 EPS. Equities research analysts forecast that Manitowoc will post 0.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Manitowoc

In related news, Director Kenneth W. Krueger sold 9,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $11.80, for a total transaction of $106,200.00. Following the sale, the director owned 162,672 shares of the company’s stock, valued at $1,919,529.60. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its holdings in Manitowoc by 51.2% in the fourth quarter. Squarepoint Ops LLC now owns 20,919 shares of the industrial products company’s stock valued at $251,000 after purchasing an additional 7,085 shares during the period. MetLife Investment Management LLC increased its stake in shares of Manitowoc by 32.6% in the fourth quarter. MetLife Investment Management LLC now owns 19,472 shares of the industrial products company’s stock valued at $233,000 after buying an additional 4,786 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of Manitowoc in the fourth quarter worth approximately $160,000. Franklin Resources Inc. boosted its holdings in Manitowoc by 3.1% in the fourth quarter. Franklin Resources Inc. now owns 23,090 shares of the industrial products company’s stock valued at $277,000 after acquiring an additional 696 shares during the last quarter. Finally, Numerai GP LLC acquired a new stake in Manitowoc during the 3rd quarter valued at approximately $182,000. Institutional investors own 78.66% of the company’s stock.

About Manitowoc

The Manitowoc Company, Inc (NYSE: MTW) is a global manufacturer of heavy-lift cranes and lifting equipment. The company’s product portfolio includes tower cranes marketed under the Potain brand, mobile hydraulic cranes sold under the Grove, Manitowoc and National Crane names, and engineered lifting solutions such as mast climbers and platform hoists. Manitowoc serves a wide range of industries, including construction, infrastructure, energy and industrial markets.

Headquartered in Milwaukee, Wisconsin, Manitowoc operates manufacturing facilities, sales offices and rental centers across North America, Europe, Asia, Latin America and the Middle East.