The Manitowoc Company Reports Fourth-Quarter Results and Provides 2016 Guidance

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Go back to The Manitowoc Company Reports Fourth-Quarter Results and Provides 2016 Guidance

Jefferies Raises Price Target on Manitowoc (MTW) Following 4Q Earnings and Update

February 1, 2016 9:36 AM EST

Jefferies reiterated a Buy rating on Manitowoc (NYSE: MTW), and raised the price target to $18.50 (from $17.00), following the company's 4Q earnings report. MTW reported adjusted EPS of $0.43, which came in better than expected on higher sales and improved margins.

Analyst Stephen Volkmann commented,... More

Manitowoc (MTW) Tops Q4 EPS Views; Offers FY16 Outlook

January 28, 2016 5:12 PM EST

Manitowoc (NYSE: MTW) reported Q4 EPS of $0.43, $0.22 better than the analyst estimate of $0.21. Revenue for the quarter came in at $934.8 million versus the consensus estimate of $936.95 million.

2016 Guidance

The company is initiating separate full-year 2016 guidance in anticipation of the separation of the... More