Brokerages expect that Columbus McKinnon Corporation (NASDAQ:CMCO) will announce earnings of $0.31 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Columbus McKinnon’s earnings. The highest EPS estimate is $0.33 and the lowest is $0.28. Columbus McKinnon posted earnings of $0.22 per share during the same quarter last year, which would indicate a positive year over year growth rate of 40.9%. The company is scheduled 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 year, with EPS estimates ranging from $1.90 to $1.99. For the next year, analysts expect that the business will post earnings of $2.47 per share, with EPS estimates ranging from $2.42 to $2.51. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $203.27 million. Columbus McKinnon had a return on equity of 10.95% and a net margin of 2.65%. The firm’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.36 EPS.

Several equities analysts have issued reports on the company. ValuEngine cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Zacks Investment Research cut Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Roth Capital boosted their target price on Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Columbus McKinnon presently has a consensus rating of “Buy” and a consensus price target of $37.00.

Shares of Columbus McKinnon (NASDAQ CMCO) traded up $0.29 during mid-day trading on Thursday, reaching $39.45. The company had a trading volume of 74,100 shares, compared to its average volume of 125,059. The firm has a market cap of $911.89, a PE ratio of 23.31 and a beta of 1.90. Columbus McKinnon has a 1 year low of $22.88 and a 1 year high of $41.49. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.96 and a quick ratio of 1.18.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Friday, November 10th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, November 9th. Columbus McKinnon’s payout ratio is 18.82%.

In other news, VP Alan S. Korman sold 1,558 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Alan S. Korman sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $32.93, for a total value of $82,325.00. Following the sale, the vice president now directly owns 13,121 shares in the company, valued at approximately $432,074.53. The disclosure for this sale can be found here. Insiders have sold a total of 38,754 shares of company stock worth $1,471,455 in the last quarter. 3.91% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $141,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $202,000. Trexquant Investment LP purchased a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $212,000. WealthTrust Axiom LLC purchased a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $227,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Columbus McKinnon during the 3rd quarter worth approximately $246,000. 85.17% of the stock is currently owned by institutional investors and hedge funds.

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

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