Manitex International, Inc. (NASDAQ:MNTX) released its earnings results on Thursday. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.08, Briefing.com reports. Manitex International had a negative net margin of 13.20% and a positive return on equity of 1.75%. The firm had revenue of $51.60 million during the quarter, compared to analyst estimates of $44.35 million. During the same period last year, the business earned $0.02 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis.
Shares of Manitex International (NASDAQ MNTX) traded up 9.62% during trading on Friday, reaching $8.09. 304,472 shares of the company were exchanged. The firm’s market capitalization is $133.91 million. Manitex International has a 1-year low of $4.98 and a 1-year high of $9.89. The company’s 50-day moving average is $7.03 and its 200 day moving average is $7.41.
TRADEMARK VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/05/manitex-international-inc-mntx-posts-quarterly-earnings-results-beats-estimates-by-0-08-eps.html.
Several equities analysts have recently issued reports on MNTX shares. ValuEngine lowered shares of Manitex International from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Roth Capital set a $10.00 price objective on shares of Manitex International and gave the stock a “buy” rating in a report on Thursday, June 8th.
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.
