Brokerages Expect Columbus McKinnon Co. (NASDAQ:CMCO) to Post $0.45 EPS


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Equities analysts expect that Columbus McKinnon Co. (NASDAQ:CMCO) will report earnings of $0.45 per share for the current quarter, according to Zacks. Two analysts have made estimates for Columbus McKinnon’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.48. Columbus McKinnon posted earnings of $0.58 per share during the same quarter last year, which would suggest a negative year over year growth rate of 22.4%. The business is scheduled to report its next earnings results on Wednesday, May 26th.

On average, analysts expect that Columbus McKinnon will report full year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.08 to $1.14. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.34 per share, with EPS estimates ranging from $2.09 to $2.65. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Wednesday, January 27th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.10. The business had revenue of $166.55 million for the quarter, compared to the consensus estimate of $157.30 million. Columbus McKinnon had a return on equity of 8.20% and a net margin of 2.54%.

CMCO has been the subject of a number of recent analyst reports. DA Davidson upgraded Columbus McKinnon from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $60.00 in a report on Friday, February 26th. Barrington Research boosted their price objective on Columbus McKinnon from $56.00 to $67.00 and gave the company an “outperform” rating in a report on Tuesday, March 2nd. Colliers Securities boosted their price objective on Columbus McKinnon from $42.00 to $49.00 in a report on Thursday, January 21st. TheStreet upgraded Columbus McKinnon from a “c+” rating to a “b-” rating in a report on Tuesday, February 16th. Finally, Zacks Investment Research upgraded Columbus McKinnon from a “strong sell” rating to a “buy” rating and set a $43.00 target price for the company in a report on Tuesday, January 5th. Four investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus target price of $53.80.

Institutional investors have recently bought and sold shares of the business. Susquehanna International Group LLP boosted its position in Columbus McKinnon by 15.2% during the fourth quarter. Susquehanna International Group LLP now owns 30,478 shares of the industrial products company’s stock worth $1,172,000 after purchasing an additional 4,020 shares in the last quarter. Hsbc Holdings PLC increased its stake in Columbus McKinnon by 5.4% during the fourth quarter. Hsbc Holdings PLC now owns 36,599 shares of the industrial products company’s stock worth $1,426,000 after acquiring an additional 1,862 shares during the last quarter. Principal Financial Group Inc. increased its stake in Columbus McKinnon by 8.7% during the fourth quarter. Principal Financial Group Inc. now owns 269,480 shares of the industrial products company’s stock worth $10,359,000 after acquiring an additional 21,580 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Columbus McKinnon by 10.6% during the fourth quarter. JPMorgan Chase & Co. now owns 164,808 shares of the industrial products company’s stock worth $6,335,000 after buying an additional 15,731 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of Columbus McKinnon by 6.3% during the fourth quarter. Captrust Financial Advisors now owns 5,210 shares of the industrial products company’s stock worth $200,000 after buying an additional 310 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Shares of Columbus McKinnon stock opened at $52.08 on Monday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 71.34, a price-to-earnings-growth ratio of 3.71 and a beta of 1.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.91 and a current ratio of 2.63. The stock has a 50 day moving average price of $52.88 and a 200-day moving average price of $43.63. Columbus McKinnon has a one year low of $21.52 and a one year high of $57.06.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 13th. Investors of record on Monday, May 3rd will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, April 30th. Columbus McKinnon’s dividend payout ratio is currently 8.63%.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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

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