Manitex International's Return on Invested Capital Overview
Portfolio Pulse from Benzinga Insights
Manitex International (NASDAQ:MNTX) reported Q1 sales of $67.87 million and a loss of $26 thousand. The company posted a return on invested capital (ROIC) of 1.68%, indicating effective capital allocation. Q1 earnings per share were $0.07, beating analyst predictions of -$0.01.
May 18, 2023 | 2:46 pm
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POSITIVE IMPACT
Manitex International reported better-than-expected Q1 earnings per share and a positive ROIC of 1.68%, indicating effective capital allocation.
Manitex International's Q1 earnings per share beat analyst predictions, which is a positive sign for the company's stock price. Additionally, the positive ROIC of 1.68% indicates that the company is effectively allocating capital, which can lead to higher returns and earnings per share growth in the future. This news is highly relevant and important for investors in MNTX, and the confidence in the analysis is high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100