Analysts forecast that Columbus McKinnon Corporation (NASDAQ:CMCO) will report $0.31 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Columbus McKinnon’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.28. Columbus McKinnon posted earnings per share of $0.22 in the same quarter last year, which suggests a positive year-over-year growth rate of 40.9%. The business is expected to issue its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that Columbus McKinnon will report full year earnings of $1.95 per share for the current financial year, with EPS estimates ranging from $1.90 to $1.99. For the next year, analysts expect that the firm will post earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.51. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Columbus McKinnon.
Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. During the same quarter last year, the company posted $0.36 EPS. The business’s quarterly revenue was up 40.0% on a year-over-year basis.
Columbus McKinnon (NASDAQ:CMCO) traded down $1.12 during mid-day trading on Thursday, hitting $37.46. The company has a quick ratio of 1.18, a current ratio of 1.96 and a debt-to-equity ratio of 0.89. Columbus McKinnon has a twelve month low of $22.88 and a twelve month high of $41.49. The company has a market cap of $861.52, a price-to-earnings ratio of 22.30 and a beta of 1.90.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Friday, November 10th were given a dividend of $0.04 per share. The ex-dividend date was Thursday, November 9th. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. Columbus McKinnon’s dividend payout ratio (DPR) is currently 18.82%.
In other news, VP Alan S. Korman sold 2,500 shares of Columbus McKinnon stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $32.93, for a total value of $82,325.00. Following the completion of the sale, the vice president now directly owns 13,121 shares in the company, valued at $432,074.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Alan S. Korman sold 1,558 shares of Columbus McKinnon stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $40.10, for a total transaction of $62,475.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,754 shares of company stock valued at $1,471,455. 3.91% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of CMCO. SG Americas Securities LLC purchased a new stake in Columbus McKinnon during the third quarter valued at $141,000. Laurion Capital Management LP bought a new position in Columbus McKinnon during the second quarter valued at $202,000. Cubist Systematic Strategies LLC bought a new position in shares of Columbus McKinnon in the third quarter worth about $202,000. Trexquant Investment LP bought a new position in shares of Columbus McKinnon in the third quarter worth about $212,000. Finally, WealthTrust Axiom LLC bought a new position in shares of Columbus McKinnon in the third quarter worth about $227,000. Institutional investors and hedge funds own 85.17% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/10/zacks-brokerages-anticipate-columbus-mckinnon-corporation-cmco-will-announce-earnings-of-0-31-per-share.html.
Columbus McKinnon Company Profile
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Columbus McKinnon Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Columbus McKinnon Corporation and related companies.