Columbus McKinnon Corporation (NASDAQ:CMCO) – Seaport Global Securities dropped their Q3 2018 earnings per share estimates for shares of Columbus McKinnon Corporation in a research report issued to clients and investors on Tuesday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings of $0.33 per share for the quarter, down from their prior estimate of $0.37. Seaport Global Securities also issued estimates for Columbus McKinnon Corporation’s FY2018 earnings at $1.99 EPS and FY2019 earnings at $2.51 EPS.

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

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A number of other equities analysts have also recently issued reports on CMCO. Zacks Investment Research raised shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Thursday. Roth Capital increased their target price on shares of Columbus McKinnon Corporation from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday. TheStreet raised shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. ValuEngine downgraded shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub raised shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $37.00.

Shares of Columbus McKinnon Corporation (CMCO) traded up $1.16 during trading hours on Thursday, hitting $38.27. The company had a trading volume of 139,847 shares, compared to its average volume of 131,989. The firm has a market capitalization of $882.22 million, a PE ratio of 22.83 and a beta of 1.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.16 and a current ratio of 1.96.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Thursday, November 9th. Columbus McKinnon Corporation’s dividend payout ratio is presently 18.82%.

In other Columbus McKinnon Corporation news, VP Kurt F. Wozniak sold 13,205 shares of Columbus McKinnon Corporation stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $31.64, for a total transaction of $417,806.20. Following the sale, the vice president now owns 25,426 shares of the company’s stock, valued at approximately $804,478.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Gene P. Buer sold 30,529 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 17,136 shares in the company, valued at approximately $651,168. The disclosure for this sale can be found here. Insiders sold a total of 174,769 shares of company stock worth $5,820,059 in the last ninety days. 3.91% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in CMCO. The Manufacturers Life Insurance Company boosted its stake in shares of Columbus McKinnon Corporation by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,336 shares of the industrial products company’s stock valued at $415,000 after acquiring an additional 414 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Columbus McKinnon Corporation by 2.7% in the 2nd quarter. American Century Companies Inc. now owns 23,141 shares of the industrial products company’s stock valued at $588,000 after acquiring an additional 612 shares during the last quarter. American International Group Inc. boosted its position in Columbus McKinnon Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 11,961 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 795 shares during the period. Teachers Advisors LLC boosted its position in Columbus McKinnon Corporation by 2.9% during the 2nd quarter. Teachers Advisors LLC now owns 35,886 shares of the industrial products company’s stock valued at $912,000 after purchasing an additional 1,009 shares during the period. Finally, Voya Investment Management LLC boosted its position in Columbus McKinnon Corporation by 10.8% during the 2nd quarter. Voya Investment Management LLC now owns 12,389 shares of the industrial products company’s stock valued at $315,000 after purchasing an additional 1,208 shares during the period. Hedge funds and other institutional investors own 86.97% of the company’s stock.

About Columbus McKinnon Corporation

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

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