Manitex International, Inc. (NASDAQ:MNTX) - Investment analysts at Seaport Global Securities issued their Q2 2018 earnings per share estimates for shares of Manitex International in a research note issued on Friday. Seaport Global Securities analyst M. Shlisky anticipates that the industrial products company will post earnings per share of $0.09 for the quarter. Seaport Global Securities also issued estimates for Manitex International’s Q3 2018 earnings at $0.12 EPS, Q4 2018 earnings at $0.12 EPS, FY2018 earnings at $0.42 EPS and FY2019 earnings at $0.53 EPS.
Other analysts have also issued research reports about the stock. ValuEngine raised shares of Manitex International from a “sell” rating to a “hold” rating in a research report on Monday. Roth Capital set a $10.00 target price on shares of Manitex International and gave the company a “buy” rating in a report on Thursday, June 8th.
Shares of Manitex International (NASDAQ MNTX) traded up 0.61% during midday trading on Monday, reaching $8.25. The company’s stock had a trading volume of 16,092 shares. The stock’s market capitalization is $136.55 million. The company has a 50 day moving average price of $7.03 and a 200-day moving average price of $7.41. Manitex International has a 52 week low of $4.98 and a 52 week high of $9.89.
Manitex International (NASDAQ:MNTX) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The company had revenue of $51.60 million for the quarter, compared to the consensus estimate of $44.35 million. Manitex International had a positive return on equity of 2.31% and a negative net margin of 15.69%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 earnings per share.
Several institutional investors have recently modified their holdings of MNTX. Renaissance Technologies LLC purchased a new position in shares of Manitex International during the fourth quarter worth approximately $1,119,000. WealthTrust Axiom LLC boosted its stake in shares of Manitex International by 12.8% in the first quarter. WealthTrust Axiom LLC now owns 830,262 shares of the industrial products company’s stock worth $5,562,000 after buying an additional 93,996 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of Manitex International by 73.5% in the first quarter. Essex Investment Management Co. LLC now owns 173,224 shares of the industrial products company’s stock worth $1,161,000 after buying an additional 73,382 shares during the period. Shaker Investments LLC OH boosted its stake in shares of Manitex International by 82.4% in the first quarter. Shaker Investments LLC OH now owns 98,300 shares of the industrial products company’s stock worth $659,000 after buying an additional 44,400 shares during the period. Finally, Boston Partners boosted its stake in shares of Manitex International by 41.5% in the first quarter. Boston Partners now owns 530,789 shares of the industrial products company’s stock worth $3,556,000 after buying an additional 155,704 shares during the period. Hedge funds and other institutional investors own 66.06% 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.
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