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

Columbus McKinnon (NASDAQ:CMCOGet Free Report) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.09), reports. Columbus McKinnon had a net margin of 4.60% and a return on equity of 9.65%. 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 prior year, the company posted $0.80 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis.

Columbus McKinnon Stock Performance

Shares of CMCO opened at $39.49 on Friday. The firm’s 50 day moving average is $42.87 and its 200-day moving average is $40.28. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.92 and a quick ratio of 1.16. The stock has a market capitalization of $1.13 billion, a P/E ratio of 24.38 and a beta of 1.27. Columbus McKinnon has a 12-month low of $30.29 and a 12-month high of $45.84.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio is presently 17.28%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CMCO. DA Davidson upped their price target on shares of Columbus McKinnon from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. cut shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Monday.

Check Out Our Latest Report on Columbus McKinnon

About Columbus McKinnon

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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.

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Earnings History for Columbus McKinnon (NASDAQ:CMCO)

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