The Manitowoc Company: Recent Correction Is A Good Opportunity [Seeking Alpha]
Manitowoc Company, Inc. (The) (MTW)
Last manitowoc company, inc. (the) earnings: 2/6 04:31 pm
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US:NYSE Investor Relations:
ir.manitowoc.com/investor-relations/events-and-presentations/events/default.aspx
Company Research
Source: Seeking Alpha
The company reported a decline in revenue and adjusted EBITDA margin in the last quarter of 2023 due to softness in demand in the Europe region. Despite short-term challenges, Manitowoc's long-term prospects look promising, with potential growth opportunities in Saudi Arabia and expansion initiatives in North America. The company's stock is currently undervalued which makes it a decent buy at the present levels. Thesis The Manitowoc Company ( NYSE: MTW ) is currently experiencing headwinds from its EURAF segment due to softening demand in the European region, however, the robust growth in the MEAP segment and Americas segment is supporting the overall revenue and margin growth of the company. I anticipate that the company's long term outlook is good due to strong backlog levels and continued healthy demand in the MEAP segment driven by a robust pipeline of Giga projects in Saudi. Also, the Americas segment looks good as it continue to increase its aftermarket service business
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MTW
News
- The Manitowoc Company Schedules First-quarter 2024 Earnings Announcement and Conference CallBusiness Wire
- The Manitowoc Company, Inc. (NYSE: MTW) had its price target lowered by analysts at Barclays PLC from $15.00 to $12.00. They now have an "underweight" rating on the stock.MarketBeat
- Bear of the Day: Manitowoc (MTW) [Yahoo! Finance]Yahoo! Finance
- The Manitowoc Company, Inc. (NYSE: MTW) had its price target lowered by analysts at JPMorgan Chase & Co. from $17.00 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Is the Options Market Predicting a Spike in Manitowoc (MTW) Stock? [Yahoo! Finance]Yahoo! Finance
MTW
Earnings
- 2/14/24 - Miss
MTW
Sec Filings
- 3/26/24 - Form ARS
- 3/25/24 - Form 4
- 3/25/24 - Form 4
- MTW's page on the SEC website