Columbus McKinnon Corporation (NASDAQ:CMCO) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, August 1st. Analysts expect Columbus McKinnon Corporation to post earnings of $0.29 per share for the quarter.
Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its quarterly earnings results on Friday, June 2nd. The industrial products company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.34 by $0.06. Columbus McKinnon Corporation had a net margin of 1.41% and a return on equity of 9.03%. The company had revenue of $183.70 million for the quarter, compared to analyst estimates of $176.40 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue was up 18.4% on a year-over-year basis. On average, analysts expect Columbus McKinnon Corporation to post $1.73 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) opened at 26.22 on Friday. Columbus McKinnon Corporation has a 12-month low of $16.28 and a 12-month high of $29.65. The firm has a 50-day moving average of $25.99 and a 200 day moving average of $25.96. The stock has a market capitalization of $592.47 million, a price-to-earnings ratio of 60.98 and a beta of 1.92.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Friday, August 11th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.61%. The ex-dividend date is Wednesday, August 9th. Columbus McKinnon Corporation’s payout ratio is currently 35.56%.
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In other news, VP Alan S. Korman sold 3,000 shares of Columbus McKinnon Corporation stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $27.13, for a total value of $81,390.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 4,500 shares of company stock worth $123,960. Insiders own 3.91% of the company’s stock.
CMCO has been the topic of several research reports. Zacks Investment Research downgraded shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Monday, April 10th. TheStreet downgraded shares of Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a report on Wednesday, May 31st. BidaskClub downgraded shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, July 13th. Finally, Roth Capital began coverage on shares of Columbus McKinnon Corporation in a report on Friday. They issued a “buy” rating and a $33.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $31.50.
Columbus McKinnon Corporation Company Profile
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