$209.55 Million in Sales Expected for Columbus McKinnon Corp. (CMCO) This Quarter

Analysts forecast that Columbus McKinnon Corp. (NASDAQ:CMCO) will report $209.55 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Columbus McKinnon’s earnings. The highest sales estimate is $210.00 million and the lowest is $209.10 million. Columbus McKinnon posted sales of $183.69 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.1%. The firm is scheduled to issue its next earnings report on Wednesday, May 30th.

According to Zacks, analysts expect that Columbus McKinnon will report full-year sales of $209.55 million for the current fiscal year, with estimates ranging from $834.40 million to $835.20 million. For the next financial year, analysts expect that the company will post sales of $866.25 million per share, with estimates ranging from $856.70 million to $875.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.13. The company had revenue of $208.73 million during the quarter, compared to analysts’ expectations of $201.08 million. Columbus McKinnon had a return on equity of 11.87% and a net margin of 1.10%. Columbus McKinnon’s revenue for the quarter was up 36.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 earnings per share.

A number of analysts have commented on the company. Zacks Investment Research cut Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Monday. TheStreet cut Columbus McKinnon from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. BidaskClub cut Columbus McKinnon from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th. ValuEngine upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Roth Capital upped their price target on Columbus McKinnon from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Columbus McKinnon currently has an average rating of “Hold” and an average price target of $46.33.

In related news, VP Alan S. Korman sold 1,558 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $40.10, for a total transaction of $62,475.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark R. Paradowski sold 3,906 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.96, for a total value of $156,083.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,225 shares of company stock valued at $247,918. Company insiders own 3.91% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Howe & Rusling Inc. purchased a new stake in shares of Columbus McKinnon during the fourth quarter worth about $114,000. Globeflex Capital L P purchased a new stake in shares of Columbus McKinnon during the fourth quarter worth about $149,000. SG Americas Securities LLC purchased a new stake in shares of Columbus McKinnon during the third quarter worth about $141,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Columbus McKinnon during the third quarter worth about $202,000. Finally, Trexquant Investment LP purchased a new stake in shares of Columbus McKinnon during the third quarter worth about $212,000. Hedge funds and other institutional investors own 84.63% of the company’s stock.

Shares of Columbus McKinnon (NASDAQ CMCO) opened at $34.95 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.81 and a quick ratio of 1.06. The company has a market capitalization of $807.36, a PE ratio of 18.46 and a beta of 1.78. Columbus McKinnon has a 1 year low of $23.13 and a 1 year high of $44.55.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Thursday, February 8th. Columbus McKinnon’s payout ratio is 43.24%.

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About Columbus McKinnon

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.

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

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