Columbus McKinnon (NASDAQ:CMCO) Announces Quarterly Earnings Results

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) posted its quarterly earnings results on Monday. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.18), Zacks reports. Columbus McKinnon had a net margin of 1.51% and a return on equity of 9.20%.

Columbus McKinnon Stock Performance

CMCO traded up $0.66 during trading hours on Thursday, hitting $20.50. 1,158,680 shares of the stock were exchanged, compared to its average volume of 418,089. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.04 and a quick ratio of 1.16. The stock has a market cap of $588.15 million, a price-to-earnings ratio of 38.68 and a beta of 1.22. Columbus McKinnon has a 12 month low of $19.55 and a 12 month high of $45.84. The stock has a 50-day simple moving average of $35.87 and a 200-day simple moving average of $34.98.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, February 7th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Friday, February 7th. Columbus McKinnon's dividend payout ratio (DPR) is presently 52.83%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CMCO shares. StockNews.com downgraded shares of Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Tuesday. DA Davidson downgraded shares of Columbus McKinnon from a "buy" rating to a "neutral" rating and set a $35.00 price objective for the company. in a research report on Tuesday.

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.