Columbus McKinnon (CMCO) Scheduled to Post Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCO) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Columbus McKinnon to post earnings of $0.69 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $239.73 million during the quarter, compared to analysts’ expectations of $241.25 million. Columbus McKinnon had a return on equity of 9.50% and a net margin of 4.52%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. 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

Columbus McKinnon stock opened at $32.44 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.07 and a quick ratio of 1.20. The business has a 50 day simple moving average of $33.31 and a 200-day simple moving average of $36.53. Columbus McKinnon has a 12 month low of $29.26 and a 12 month high of $45.84. The stock has a market capitalization of $936.19 million, a PE ratio of 20.02 and a beta of 1.17.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.07 per share. The ex-dividend date is Friday, November 8th. This represents a $0.28 dividend on an annualized basis and a yield of 0.86%. Columbus McKinnon’s payout ratio is currently 17.28%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

About Columbus McKinnon

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.