Columbus McKinnon (NASDAQ:CMCO) Posts Earnings Results, Misses Expectations By $0.09 EPS

Columbus McKinnon (NASDAQ:CMCOGet Free Report) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09), Briefing.com reports. Columbus McKinnon had a net margin of 4.86% and a return on equity of 9.88%. The firm had revenue of $265.50 million for the quarter, compared to analyst estimates of $264.85 million. During the same period in the previous year, the business posted $0.80 earnings per share. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year.

Columbus McKinnon Trading Down 7.5 %

Shares of CMCO stock opened at $40.65 on Thursday. The company has a market cap of $1.17 billion, a P/E ratio of 24.05 and a beta of 1.27. The stock has a 50 day simple moving average of $42.94 and a two-hundred day simple moving average of $40.29. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.16 and a current ratio of 1.92. Columbus McKinnon has a fifty-two week low of $30.29 and a fifty-two week high of $45.84.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 13th. Shareholders of record on Friday, May 3rd were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a yield of 0.69%. Columbus McKinnon’s payout ratio is currently 16.57%.

Analyst Upgrades and Downgrades

CMCO has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. StockNews.com lowered Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Monday.

Check Out Our Latest Research Report on CMCO

Columbus McKinnon Company Profile

(Get Free Report)

Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.

Featured Articles

Earnings History for Columbus McKinnon (NASDAQ:CMCO)

Receive News & Ratings for Columbus McKinnon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon and related companies with MarketBeat.com's FREE daily email newsletter.