{"id":2204,"date":"2016-05-05T13:52:53","date_gmt":"2016-05-05T13:52:53","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=2204"},"modified":"2016-05-05T13:52:53","modified_gmt":"2016-05-05T13:52:53","slug":"the-manitowoc-company-reports-first-quarter-financial-results","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/","title":{"rendered":"Manitowoc Company Inc (MTW) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS"},"content":{"rendered":"<p>The <a href=\"http:\/\/www.manitowoccranes.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Manitowoc Company<\/a>, Inc. (NYSE: MTW)\u00a0announced its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters\u2019 consensus estimate of ($0.02) by $0.02, <a href=\"http:\/\/www.marketbeat.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">MarketBeat.Com<\/a> reports. The company earned $427.40 million during the quarter, compared to the consensus estimate of $365.29 million. The firm\u2019s 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.<\/p>\n<p>Shares of Manitowoc Company (<a href=\"http:\/\/www.marketbeat.com\/stocks\/NYSE\/MTW\/\" target=\"_blank\" rel=\"noopener noreferrer\">NYSE:MTW<\/a>) 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.<\/p>\n<p><b>2016 Guidance<\/b><\/p>\n<p>For the full-year 2016, Manitowoc expects:<\/p>\n<ul>\n<li class=\"bwlistitemmargb\">Revenue \u2013 approximately flat;<\/li>\n<li class=\"bwlistitemmargb\">Operating margins \u2013 approximately 4%;<\/li>\n<li class=\"bwlistitemmargb\">Depreciation\u2013 between $45 and $55 million;<\/li>\n<li class=\"bwlistitemmargb\">Amortization expense \u2013 between $3 and $4 million; and<\/li>\n<li class=\"bwlistitemmargb\">Capital expenditures \u2013 approximately $45 to $50 million (previously $55 to $65 million).<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Manitowoc Company, Inc. (NYSE: MTW)\u00a0announced its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters\u2019 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\u2019s revenue was up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2210,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[2,8],"tags":[1012],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Manitowoc Company Inc (MTW) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manitowoc Company Inc (MTW) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS - MachineMarket Blog\" \/>\n<meta property=\"og:description\" content=\"The Manitowoc Company, Inc. (NYSE: MTW)\u00a0announced its earnings results on Wednesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters\u2019 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\u2019s revenue was up [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"MachineMarket Blog\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-05T13:52:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/05\/manitowoc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"275\" \/>\n\t<meta property=\"og:image:height\" content=\"183\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/machine.market\/blog\/#organization\",\"name\":\"CraneMarket | Cranes for Sale and Rent\",\"url\":\"https:\/\/machine.market\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/machine.market\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2019\/03\/crane-market-logo.png\",\"width\":282,\"height\":81,\"caption\":\"CraneMarket | Cranes for Sale and Rent\"},\"image\":{\"@id\":\"https:\/\/machine.market\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/machine.market\/blog\/#website\",\"url\":\"https:\/\/machine.market\/blog\/\",\"name\":\"MachineMarket Blog\",\"description\":\"Machine News\",\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/machine.market\/blog\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/machine.market\/blog\/wp-content\/uploads\/2016\/05\/manitowoc.jpg\",\"width\":275,\"height\":183},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#webpage\",\"url\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/\",\"name\":\"Manitowoc Company Inc (MTW) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS - MachineMarket Blog\",\"isPartOf\":{\"@id\":\"https:\/\/machine.market\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#primaryimage\"},\"datePublished\":\"2016-05-05T13:52:53+00:00\",\"dateModified\":\"2016-05-05T13:52:53+00:00\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/\"]}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#webpage\"},\"author\":{\"@id\":\"https:\/\/machine.market\/blog\/#\/schema\/person\/d55314291bc2800387533231d1e82150\"},\"headline\":\"Manitowoc Company Inc (MTW) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS\",\"datePublished\":\"2016-05-05T13:52:53+00:00\",\"dateModified\":\"2016-05-05T13:52:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#webpage\"},\"publisher\":{\"@id\":\"https:\/\/machine.market\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/cranemarket.com\/blog\/the-manitowoc-company-reports-first-quarter-financial-results\/#primaryimage\"},\"keywords\":\"Manitowoc Crane Group\",\"articleSection\":\"Constuction &amp; 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