Columbus McKinnon (NASDAQ:CMCO – Get Free Report) issued its earnings results on Thursday. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12), Briefing.com reports. The company had revenue of $437.83 million for the quarter, compared to the consensus estimate of $417.88 million. Columbus McKinnon had a return on equity of 7.41% and a net margin of 0.60%.The firm’s revenue was up 77.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. Columbus McKinnon updated its FY 2027 guidance to 1.700-1.900 EPS.
Columbus McKinnon Trading Down 2.0%
Shares of CMCO stock opened at $15.51 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.83. The company has a market capitalization of $445.76 million, a price-to-earnings ratio of 73.86 and a beta of 1.38. Columbus McKinnon has a 52-week low of $13.31 and a 52-week high of $24.40. The company has a 50-day simple moving average of $15.18 and a two-hundred day simple moving average of $17.15.
Columbus McKinnon Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 1st were issued a dividend of $0.07 per share. The ex-dividend date was Friday, May 1st. This represents a $0.28 annualized dividend and a yield of 1.8%. Columbus McKinnon’s payout ratio is 133.33%.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on CMCO
Hedge Funds Weigh In On Columbus McKinnon
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Group One Trading LLC increased its position in shares of Columbus McKinnon by 266.7% during the third quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 1,600 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in Columbus McKinnon by 66.7% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 1,000 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Columbus McKinnon by 267.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 1,893 shares during the period. Royal Bank of Canada boosted its holdings in shares of Columbus McKinnon by 41.4% in the 4th quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock worth $54,000 after buying an additional 918 shares during the last quarter. Finally, Simplex Trading LLC boosted its holdings in shares of Columbus McKinnon by 392.1% in the 4th quarter. Simplex Trading LLC now owns 3,656 shares of the industrial products company’s stock worth $63,000 after buying an additional 2,913 shares during the last quarter. Hedge funds and other institutional investors own 95.96% of the company’s stock.
Columbus McKinnon Company Profile
Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.
With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.
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