Zacks: Brokerages Anticipate Columbus McKinnon Corporation (CMCO) Will Announce Earnings of $0.31 Per Share

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.

Several research firms recently commented on CMCO. ValuEngine lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Zacks Investment Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Roth Capital raised their price target on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Columbus McKinnon currently has a consensus rating of “Buy” and an average target price of $37.00.

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.

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Earnings History and Estimates for Columbus McKinnon (NASDAQ:CMCO)

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