Manitex International (NASDAQ:MNTX) is scheduled to release its earnings data after the market closes on Thursday, November 1st. Analysts expect Manitex International to post earnings of $0.10 per share for the quarter.
Manitex International (NASDAQ:MNTX) last issued its earnings results on Tuesday, August 7th. The industrial products company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manitex International had a positive return on equity of 6.07% and a negative net margin of 1.98%. The firm had revenue of $63.90 million during the quarter, compared to analyst estimates of $62.05 million. On average, analysts expect Manitex International to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of MNTX opened at $8.30 on Tuesday. Manitex International has a 12-month low of $7.28 and a 12-month high of $13.26. The company has a quick ratio of 0.96, a current ratio of 1.79 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $167.64 million, a price-to-earnings ratio of 41.50 and a beta of 1.28.
In other news, Director Robert S. Gigliotti sold 4,400 shares of the stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $11.71, for a total value of $51,524.00. Following the completion of the sale, the director now owns 83,750 shares of the company’s stock, valued at $980,712.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 6.78% of the company’s stock.
A hedge fund recently raised its stake in Manitex International stock. Bank of New York Mellon Corp grew its stake in Manitex International Inc (NASDAQ:MNTX) by 82.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,971 shares of the industrial products company’s stock after buying an additional 27,949 shares during the period. Bank of New York Mellon Corp owned 0.32% of Manitex International worth $773,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 56.41% of the company’s stock.
About Manitex International
Manitex International, Inc provides engineered lifting solutions. The company designs, manufactures, and distributes products that are used in various industries. It offers boom trucks and crane products primarily for use in industrial projects, energy exploration, and infrastructure development, including roads, bridges, and commercial construction.
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