Columbus McKinnon (CMCO) Projected to Post Quarterly Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCO) is anticipated to post its quarterly earnings results before the market opens on Wednesday, January 29th. Analysts expect Columbus McKinnon to post earnings of $0.74 per share and revenue of $252,200.00 billion for the quarter.

Columbus McKinnon Trading Down 1.4 %

Shares of NASDAQ:CMCO opened at $36.88 on Tuesday. The company has a market capitalization of $1.06 billion, a PE ratio of 69.58 and a beta of 1.24. Columbus McKinnon has a 12-month low of $29.26 and a 12-month high of $45.84. The business has a 50 day moving average of $37.56 and a two-hundred day moving average of $35.41. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50.

Columbus McKinnon Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a yield of 0.76%. Columbus McKinnon’s payout ratio is 52.83%.

Insider Buying and Selling

In other Columbus McKinnon news, CEO David J. Wilson bought 31,300 shares of the stock in a transaction on Friday, November 1st. The shares were bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the purchase, the chief executive officer now directly owns 31,300 shares in the company, valued at $1,002,226. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Christopher J. Stephens bought 1,000 shares of Columbus McKinnon stock in a transaction dated Thursday, November 14th. The stock was acquired at an average price of $37.34 per share, with a total value of $37,340.00. Following the completion of the transaction, the director now directly owns 6,014 shares of the company’s stock, valued at approximately $224,562.76. The trade was a 19.94 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.98% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research note on Friday.

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.