Manitex International, Inc. (MNTX) Expected to Post Quarterly Sales of $51.55 Million

Wall Street analysts expect that Manitex International, Inc. (NASDAQ:MNTX) will announce sales of $51.55 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Manitex International’s earnings. The lowest sales estimate is $49.90 million and the highest is $53.20 million. Manitex International reported sales of $74.13 million during the same quarter last year, which would suggest a negative year over year growth rate of 30.5%. The business is scheduled to report its next earnings report on Wednesday, November 8th.

On average, analysts expect that Manitex International will report full year sales of $51.55 million for the current fiscal year, with estimates ranging from $192.30 million to $194.80 million. For the next financial year, analysts forecast that the firm will report sales of $214.60 million per share, with estimates ranging from $214.20 million to $215.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Manitex International.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Manitex International had a negative net margin of 15.69% and a positive return on equity of 2.50%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $44.35 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 6.0% on a year-over-year basis.

Several research analysts have recently weighed in on MNTX shares. Zacks Investment Research downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine downgraded Manitex International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

Several hedge funds have recently made changes to their positions in MNTX. Next Century Growth Investors LLC acquired a new position in shares of Manitex International during the 1st quarter worth approximately $1,761,000. Dimensional Fund Advisors LP raised its stake in shares of Manitex International by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 135,962 shares of the industrial products company’s stock worth $911,000 after buying an additional 4,176 shares during the period. Morgan Stanley raised its stake in shares of Manitex International by 2.6% during the 1st quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock worth $2,673,000 after buying an additional 9,980 shares during the period. KCG Holdings Inc. acquired a new position in shares of Manitex International during the 1st quarter worth approximately $114,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Manitex International during the 2nd quarter worth approximately $105,000. 60.72% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Manitex International, Inc. (MNTX) Expected to Post Quarterly Sales of $51.55 Million” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/10/manitex-international-inc-mntx-expected-to-post-quarterly-sales-of-51-55-million.html.

Shares of Manitex International (NASDAQ:MNTX) traded up 1.389% during midday trading on Tuesday, reaching $9.125. 3,069 shares of the company’s stock were exchanged. The stock’s market cap is $151.07 million. Manitex International has a one year low of $4.98 and a one year high of $9.89. The company’s 50-day moving average is $8.98 and its 200-day moving average is $7.61.

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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On average, analysts expect that Manitex International will report full year sales of $51.55 million for the current fiscal year, with estimates ranging from $192.30 million to $194.80 million. For the next financial year, analysts forecast that the firm will report sales of $214.60 million per share, with estimates ranging from $214.20 million to $215.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Manitex International.

Manitex International (NASDAQ:MNTX) last announced its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08. Manitex International had a negative net margin of 15.69% and a positive return on equity of 2.50%. The business had revenue of $51.60 million during the quarter, compared to analyst estimates of $44.35 million. During the same period last year, the firm posted $0.02 EPS. The company’s revenue was up 6.0% on a year-over-year basis.

Several research analysts have recently weighed in on MNTX shares. Zacks Investment Research downgraded Manitex International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine downgraded Manitex International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

Several hedge funds have recently made changes to their positions in MNTX. Next Century Growth Investors LLC acquired a new position in shares of Manitex International during the 1st quarter worth approximately $1,761,000. Dimensional Fund Advisors LP raised its stake in shares of Manitex International by 3.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 135,962 shares of the industrial products company’s stock worth $911,000 after buying an additional 4,176 shares during the period. Morgan Stanley raised its stake in shares of Manitex International by 2.6% during the 1st quarter. Morgan Stanley now owns 398,816 shares of the industrial products company’s stock worth $2,673,000 after buying an additional 9,980 shares during the period. KCG Holdings Inc. acquired a new position in shares of Manitex International during the 1st quarter worth approximately $114,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Manitex International during the 2nd quarter worth approximately $105,000. 60.72% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Manitex International, Inc. (MNTX) Expected to Post Quarterly Sales of $51.55 Million” was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://ledgergazette.com/2017/10/10/manitex-international-inc-mntx-expected-to-post-quarterly-sales-of-51-55-million.html.

Shares of Manitex International (NASDAQ:MNTX) traded up 1.389% during midday trading on Tuesday, reaching $9.125. 3,069 shares of the company’s stock were exchanged. The stock’s market cap is $151.07 million. Manitex International has a one year low of $4.98 and a one year high of $9.89. The company’s 50-day moving average is $8.98 and its 200-day moving average is $7.61.

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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Earnings History and Estimates for Manitex International (NASDAQ:MNTX)

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