Manitowoc Company Inc reports results for the quarter ended June 30 - Earnings Summary

• Manitowoc Company Inc MTW.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 25 cents. The mean expectation of four analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 15 cents to 21 cents per share.

• Revenue fell 4% to $539.50 million from a year ago; analysts expected $584.96 million.

• Manitowoc Company Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $1.5 million.

• Manitowoc Company Inc shares had risen by 3.7% this quarter and gained 36.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

• Wall Street's median 12-month price target for Manitowoc Company Inc is $11.00, about 13.7% below its last closing price of $12.51

This summary was machine generated from LSEG data August 8 at 05:04 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)