Columbus McKinnon (NASDAQ:CMCO - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.
Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.01. Columbus McKinnon had a net margin of 4.52% and a return on equity of 9.50%. The firm had revenue of $239.73 million for the quarter, compared to the consensus estimate of $241.25 million. During the same period in the prior year, the firm posted $0.62 earnings per share. The firm's quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect Columbus McKinnon to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Columbus McKinnon Price Performance
Shares of Columbus McKinnon stock traded down $0.31 during trading hours on Wednesday, reaching $32.76. The stock had a trading volume of 140,840 shares, compared to its average volume of 172,551. The stock's 50 day moving average is $33.31 and its 200 day moving average is $36.73. The company has a current ratio of 2.07, a quick ratio of 1.20 and a debt-to-equity ratio of 0.52. Columbus McKinnon has a twelve month low of $29.26 and a twelve month high of $45.84. The firm has a market capitalization of $945.42 million, a PE ratio of 20.23 and a beta of 1.17.
Columbus McKinnon Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Columbus McKinnon's payout ratio is 17.28%.
Analyst Ratings Changes
Separately, StockNews.com cut Columbus McKinnon from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd.
Read Our Latest Analysis on CMCO
About Columbus McKinnon
(
Get Free Report)
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.
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