FY2025 EPS Estimates for Columbus McKinnon Co. (NASDAQ:CMCO) Boosted by DA Davidson

Columbus McKinnon Co. (NASDAQ:CMCO) – Equities research analysts at DA Davidson increased their FY2025 EPS estimates for Columbus McKinnon in a note issued to investors on Thursday, November 2nd. DA Davidson analyst M. Summerville now anticipates that the industrial products company will post earnings per share of $3.28 for the year, up from their previous estimate of $3.25. The consensus estimate for Columbus McKinnon’s current full-year earnings is $2.82 per share.

CMCO has been the subject of a number of other reports. StockNews.com upgraded shares of Columbus McKinnon from a “buy” rating to a “strong-buy” rating in a research note on Thursday. TheStreet cut shares of Columbus McKinnon from a “b-” rating to a “c+” rating in a research note on Monday, September 11th.

Columbus McKinnon Price Performance

NASDAQ CMCO opened at $33.96 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.95 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $975.33 million, a PE ratio of 19.19 and a beta of 1.29. The company has a 50 day moving average price of $34.49 and a two-hundred day moving average price of $37.01. Columbus McKinnon has a 12-month low of $27.90 and a 12-month high of $42.87.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Wednesday, November 1st. The industrial products company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.70 by $0.06. The business had revenue of $258.40 million during the quarter, compared to analysts’ expectations of $255.06 million. Columbus McKinnon had a net margin of 5.22% and a return on equity of 10.06%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.73 earnings per share.

Hedge Funds Weigh In On Columbus McKinnon

A number of institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas raised its position in shares of Columbus McKinnon by 4.0% in the third quarter. Teacher Retirement System of Texas now owns 22,834 shares of the industrial products company’s stock valued at $797,000 after purchasing an additional 881 shares during the period. Cascade Investment Advisors Inc. bought a new position in shares of Columbus McKinnon in the third quarter valued at approximately $912,000. Carmel Capital Partners LLC bought a new position in Columbus McKinnon during the third quarter worth $27,000. Skylands Capital LLC increased its position in Columbus McKinnon by 5.9% during the third quarter. Skylands Capital LLC now owns 235,489 shares of the industrial products company’s stock worth $8,221,000 after acquiring an additional 13,205 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its position in Columbus McKinnon by 0.5% during the third quarter. Punch & Associates Investment Management Inc. now owns 311,015 shares of the industrial products company’s stock worth $10,858,000 after acquiring an additional 1,422 shares during the period. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Thursday, November 9th. Columbus McKinnon’s dividend payout ratio is 15.82%.

About Columbus McKinnon

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.