Manitex International Inc. (NASDAQ:MNTX) – Research analysts at Seaport Global Securities dropped their FY2016 earnings per share (EPS) estimates for Manitex International in a report issued on Friday. Seaport Global Securities analyst M. Shlisky now anticipates that the brokerage will post earnings of $0.04 per share for the year, down from their prior forecast of $0.05. Seaport Global Securities also issued estimates for Manitex International’s Q1 2017 earnings at $0.10 EPS, Q2 2017 earnings at $0.08 EPS and Q3 2017 earnings at $0.07 EPS.
MNTX has been the topic of a number of other research reports. Roth Capital restated a “buy” rating and set a $7.50 target price on shares of Manitex International in a report on Monday, August 8th. Zacks Investment Research upgraded shares of Manitex International from a “hold” rating to a “strong-buy” rating and set a $7.75 price target on the stock in a research note on Wednesday, July 6th.
Manitex International (NASDAQ:MNTX) opened at 5.31 on Monday. Manitex International has a 12 month low of $4.25 and a 12 month high of $7.68. The firm’s 50-day moving average is $5.59 and its 200-day moving average is $6.37. The company’s market cap is $85.63 million.
Manitex International (NASDAQ:MNTX) last issued its earnings results on Thursday, August 4th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm earned $96.30 million during the quarter, compared to analyst estimates of $98.60 million. Manitex International had a negative net margin of 1.44% and a negative return on equity of 0.65%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share.
A number of institutional investors have recently made changes to their positions in the company. Paradigm Asset Management Co. LLC boosted its position in shares of Manitex International by 2.3% in the second quarter. Paradigm Asset Management Co. LLC now owns 17,800 shares of the company’s stock worth $123,000 after buying an additional 400 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Manitex International during the second quarter worth about $124,000. Bank of New York Mellon Corp boosted its position in shares of Manitex International by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 17,788 shares of the company’s stock worth $124,000 after buying an additional 79 shares during the last quarter. Oxford Asset Management purchased a new position in shares of Manitex International during the second quarter worth about $222,000. Finally, BlackRock Fund Advisors boosted its position in shares of Manitex International by 11.5% in the second quarter. BlackRock Fund Advisors now owns 38,337 shares of the company’s stock worth $266,000 after buying an additional 3,958 shares during the last quarter. Institutional investors own 57.56% of the company’s stock.
About Manitex International
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 A.S.V., LLC (ASV) segment and the Equipment Distribution segment. Through its Lifting Equipment segment, the Company designs, manufactures and distributes a diverse group of products that serve various functions and are used in a range of industries.
Receive News & Ratings for Manitex International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manitex International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.