Columbus McKinnon (CMCO) to Release Earnings on Monday

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) is expected to release its earnings data after the market closes on Monday, February 10th. Analysts expect Columbus McKinnon to post earnings of $0.74 per share and revenue of $251.76 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO traded down $0.60 during midday trading on Wednesday, reaching $34.82. The company's stock had a trading volume of 141,788 shares, compared to its average volume of 174,021. The company has a market cap of $998.99 million, a price-to-earnings ratio of 65.70 and a beta of 1.22. Columbus McKinnon has a one year low of $29.26 and a one year high of $45.84. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average price of $37.35 and a 200 day moving average price of $35.40.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, February 7th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.80%. Columbus McKinnon's dividend payout ratio is 52.83%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research note on Saturday.

Insider Buying and Selling at Columbus McKinnon

In other Columbus McKinnon news, Director Christopher J. Stephens purchased 1,000 shares of the stock in a transaction on Thursday, November 14th. The shares were purchased at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the purchase, the director now owns 6,014 shares of the company's stock, valued at approximately $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.98% of the company's stock.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.