Columbus McKinnon (NASDAQ:CMCO) Releases FY 2027 Earnings Guidance

Columbus McKinnon (NASDAQ:CMCO) updated its FY 2027 earnings guidance on Thursday. The company provided EPS guidance of 1.900-2.100 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CMCO. Wall Street Zen lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. DA Davidson cut their price objective on shares of Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Finally, Zacks Research downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.00.

Columbus McKinnon Trading Down 9.8%

Shares of CMCO opened at $14.62 on Thursday. The company has a debt-to-equity ratio of 3.38, a quick ratio of 0.98 and a current ratio of 2.02. The firm has a market cap of $421.49 million, a price-to-earnings ratio of -2.67 and a beta of 1.39. Columbus McKinnon has a 52-week low of $11.99 and a 52-week high of $24.40. The business’s fifty day moving average is $14.45 and its 200-day moving average is $16.37.

Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.33. The business had revenue of $531.46 million for the quarter, compared to analyst estimates of $501.27 million. Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. Equities analysts anticipate that Columbus McKinnon will post 1.73 EPS for the current fiscal year.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, August 7th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 7th. Columbus McKinnon’s dividend payout ratio is -5.11%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMCO. Marshall Wace LLP boosted its position in Columbus McKinnon by 698.6% during the third quarter. Marshall Wace LLP now owns 726,772 shares of the industrial products company’s stock valued at $10,422,000 after acquiring an additional 635,770 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Columbus McKinnon by 76.8% during the fourth quarter. AQR Capital Management LLC now owns 1,108,462 shares of the industrial products company’s stock valued at $19,121,000 after purchasing an additional 481,470 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Columbus McKinnon by 100.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 829,875 shares of the industrial products company’s stock worth $11,900,000 after purchasing an additional 415,275 shares in the last quarter. Millennium Management LLC boosted its position in shares of Columbus McKinnon by 80.3% during the 3rd quarter. Millennium Management LLC now owns 850,951 shares of the industrial products company’s stock worth $12,203,000 after purchasing an additional 379,096 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of Columbus McKinnon by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,451,885 shares of the industrial products company’s stock valued at $20,820,000 after buying an additional 267,585 shares during the period. 95.96% of the stock is owned by institutional investors.

About Columbus McKinnon

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.