The Manitowoc Company, Inc. (NYSE: MTW) announced its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.02, MarketBeat.Com reports. The company earned $427.40 million during the quarter, compared to the consensus estimate of $365.29 million. The firm’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.05) earnings per share.
Shares of Manitowoc Company (NYSE:MTW) traded down 0.18% during trading on Wednesday, hitting $5.62. The stock had a trading volume of 4,153,954 shares. Manitowoc Company has a 12 month low of $4.00 and a 12 month high of $20.72. The company has a market cap of $765.40 million and a PE ratio of 12.19. The stock has a 50 day moving average of $4.82 and a 200 day moving average of $11.85.
2016 Guidance
For the full-year 2016, Manitowoc expects:
- Revenue – approximately flat;
- Operating margins – approximately 4%;
- Depreciation– between $45 and $55 million;
- Amortization expense – between $3 and $4 million; and
- Capital expenditures – approximately $45 to $50 million (previously $55 to $65 million).
