The Manitowoc Co Inc (NYSE: MTW) has reported earnings for its second fiscal quarter (ending June 30) of $0.05 versus $0.58 for the same period a year ago — a decline of -91%. Relative to the consensus estimate of $0.49, this was a shortfall of $-0.44. E.P.S. were $0.24 for the latest four quarters through June 30 versus $-2.98 for the same period a year ago.
Recent Price Action
On 8/7/24, The Manitowoc Co Inc (NYSE: MTW) stock declined slightly by -0.09%, closing at $10.78. NORMAL trading volume accompanied the decline. Relative to the market the stock has been extremely weak over the last nine months and has declined -15.3% during the last week.
Current PriceTarget Research Rating
MTW is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Manitowoc has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Manitowoc has a good Appreciation Score of 81 but a very low Power Rating of 3, and the Low Neutral Value Trend Rating results.
Rating Review
In light of this discouraging new earnings information and negative market action we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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