Equities research analysts expect Columbus McKinnon Corporation (NASDAQ:CMCO) to announce $200.60 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Columbus McKinnon’s earnings. Columbus McKinnon posted sales of $152.50 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31.5%. The firm is scheduled to announce its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Columbus McKinnon will report full year sales of $200.60 million for the current fiscal year, with estimates ranging from $826.70 million to $828.70 million. For the next financial year, analysts forecast that the business will post sales of $859.00 million per share, with estimates ranging from $851.50 million to $866.50 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last announced its quarterly earnings results on Tuesday, October 31st. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.06. The firm had revenue of $212.80 million for the quarter, compared to the consensus estimate of $203.27 million. Columbus McKinnon had a net margin of 2.65% and a return on equity of 10.95%. The business’s quarterly revenue was up 40.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 EPS.

CMCO has been the topic of a number of recent analyst reports. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Thursday, November 2nd. Finally, Roth Capital increased their price objective on shares of Columbus McKinnon from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $37.00.

In other Columbus McKinnon news, VP Gene P. Buer sold 30,529 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $38.00, for a total transaction of $1,160,102.00. Following the sale, the vice president now owns 17,136 shares in the company, valued at approximately $651,168. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Alan S. Korman sold 1,558 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $40.10, for a total transaction of $62,475.80. The disclosure for this sale can be found here. Insiders sold a total of 38,754 shares of company stock worth $1,471,455 in the last quarter. Company insiders own 3.91% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP raised its stake in Columbus McKinnon by 17.4% during the 3rd quarter. Systematic Financial Management LP now owns 264,273 shares of the industrial products company’s stock worth $10,008,000 after acquiring an additional 39,118 shares during the period. New York State Common Retirement Fund raised its stake in Columbus McKinnon by 16.0% during the 2nd quarter. New York State Common Retirement Fund now owns 22,500 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 3,099 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Columbus McKinnon by 2.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 123,828 shares of the industrial products company’s stock worth $3,148,000 after acquiring an additional 2,900 shares during the period. Tudor Investment Corp ET AL bought a new stake in Columbus McKinnon during the 2nd quarter worth approximately $375,000. Finally, State Street Corp raised its stake in Columbus McKinnon by 6.0% during the 2nd quarter. State Street Corp now owns 364,841 shares of the industrial products company’s stock worth $9,277,000 after acquiring an additional 20,506 shares during the period. Institutional investors own 85.17% of the company’s stock.

Shares of Columbus McKinnon (NASDAQ:CMCO) traded down $1.12 during midday trading on Friday, hitting $37.46. 109,156 shares of the stock were exchanged, compared to its average volume of 87,699. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.18 and a current ratio of 1.96. The stock has a market cap of $887.28, a P/E ratio of 22.96 and a beta of 1.90. Columbus McKinnon has a 12-month low of $22.88 and a 12-month high of $41.49.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Friday, November 10th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.43%. The ex-dividend date was Thursday, November 9th. Columbus McKinnon’s dividend payout ratio (DPR) is presently 18.82%.

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Earnings History and Estimates for Columbus McKinnon (NASDAQ:CMCO)

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