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Top 4 Must-Follow Earnings for Aug. 6

Stocks in this article: CHK ANR UNG SD LNG AES TSN MTW

MTW Chart MTW data by YCharts

Manitowoc Company (MTW)

Who They Are: The company was founded in 1853 and is based in Manitowoc, Wisc. Manitowoc Company trades an average of 4.1 million shares per day with a marketcap of $1.6 billion.

52 Week High: $16.71
52-Week Low: $6.01
Book Value: $3.85
Price to Book: 3.2

Strong second-quarter earnings growth is after the market closes on Aug. 6. The consensus mean is 25 cents a share, a gain of 9 cents (36%) from 16 cents during the corresponding quarter last year.

Five out of 13 analysts now rate Manitowoc a strong buy down from six analysts a month ago. Shares have moved higher in the last month with a 3.3% improvement.

The trailing 12-month price-to-earnings ratio is 24.7, the mean fiscal year estimate price-to-earnings ratio is 15.6, based on earnings of 77 cents per share this year. The company currently pays 8 cents in dividends for a yield of .66%.

The current float short is small and not a major concern. Short interest is 3.83%. Looking back at the three-year history of declared dividends, this company has paid 8 cents a year in dividend payments. Over the last five years, the dividend has grown by an average of 2.7% per year.

The last date Manitowoc released earnings was May 3, and the closing price was $14.34. Based on a recent price of $11.79, shares are down 17.8%.

Investors have previously been rewarded with an increase of year-over-year revenue. Revenue reported was $3.65 billion last fiscal year compared to $3.14 billion in the prior year.

Short interest over 10% should give pause to investors looking at this company. The current float short is 10.4%.

MTW Revenue Per Share TTM Chart MTW Revenue Per Share TTM data by YCharts

At the time of publication, the author was short covered calls in ANR.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

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