Columbus McKinnon Corporation (CMCO) to Release Earnings on Tuesday
Columbus McKinnon Corporation (NASDAQ:CMCO) will release its earnings data before the market opens on Tuesday, October 31st. Analysts expect Columbus McKinnon Corporation to post earnings of $0.45 per share for the quarter.
Columbus McKinnon Corporation (NASDAQ:CMCO) last posted its quarterly earnings data on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.32 by $0.23. The firm had revenue of $203.70 million during the quarter, compared to analyst estimates of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. Columbus McKinnon Corporation’s revenue was up 36.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts expect Columbus McKinnon Corporation to post $1.93 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Columbus McKinnon Corporation (CMCO) traded up 0.70% during midday trading on Tuesday, hitting $37.34. The stock had a trading volume of 54,777 shares. The firm has a 50-day moving average of $35.85 and a 200 day moving average of $29.39. The firm has a market capitalization of $844.82 million, a P/E ratio of 56.58 and a beta of 1.90. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $38.64.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. Columbus McKinnon Corporation’s dividend payout ratio is presently 25.00%.
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In other news, VP Alan S. Korman sold 2,500 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $32.93, for a total transaction of $82,325.00. Following the completion of the sale, the vice president now owns 13,121 shares of the company’s stock, valued at $432,074.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy T. Tevens sold 43,845 shares of the business’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $31.84, for a total transaction of $1,396,024.80. Following the sale, the director now directly owns 293,536 shares of the company’s stock, valued at approximately $9,346,186.24. The disclosure for this sale can be found here. Insiders have sold 167,932 shares of company stock valued at $5,416,512 in the last three months. Corporate insiders own 3.91% of the company’s stock.
A number of research firms have weighed in on CMCO. Roth Capital set a $36.00 price objective on shares of Columbus McKinnon Corporation and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research cut shares of Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a report on Tuesday, August 1st. Finally, ValuEngine cut shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $34.50.
About Columbus McKinnon Corporation
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