Columbus McKinnon (CMCO) to Release Quarterly Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCO) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

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

NASDAQ CMCO opened at $33.07 on Wednesday. The company has a market cap of $954.37 million, a P/E ratio of 20.41 and a beta of 1.17. Columbus McKinnon has a 12 month low of $29.26 and a 12 month high of $45.84. 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 company has a 50-day moving average of $33.29 and a 200-day moving average of $36.79.

Columbus McKinnon Dividend Announcement

The company also recently declared 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. This represents a $0.28 dividend on an annualized basis and a yield of 0.85%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 17.28%.

Analyst Ratings Changes

Separately, StockNews.com lowered 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.