MTW Stock Recent News

Value investing involves buying stocks at a low price during market downturns, with the expectation of a future recovery. The Manitowoc Company, a producer of equipment like cranes, experienced a decline in revenue and orders in 2023. Despite weak leading indicators, management expects global demand for mobile cranes to remain strong, and the stock is still attractively priced compared to similar firms.

The Manitowoc Company, Inc. (MTW) Q4 2023 Earnings Call Transcript

Manitowoc (MTW) witnessed year-over-year declines in earnings and revenues in the fourth quarter of 2023.

Manitowoc beat on sales but missed on earnings last night. Demand for cranes remains strong, and sales should continue growing in 2024 -- but profits will probably decline.

The Manitowoc Company, Inc. (MTW) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.74 per share a year ago.

The Manitowoc Company, Inc. (MTW) reachead $16.86 at the closing of the latest trading day, reflecting a -1.06% change compared to its last close.

The latest trading day saw The Manitowoc Company, Inc. (MTW) settling at $16.58, representing a -0.72% change from its previous close.

The Manitowoc Company, Inc. (MTW) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

In the closing of the recent trading day, The Manitowoc Company, Inc. (MTW) stood at $16.32, denoting a +0.37% change from the preceding trading day.

The latest trading day saw The Manitowoc Company, Inc. (MTW) settling at $15.53, representing a -1.52% change from its previous close.