Columbus McKinnon (CMCO) Projected to Post Earnings on Monday

Columbus McKinnon (NASDAQ:CMCO) is expected to be announcing its earnings results after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $251.76 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $36.42 on Monday. Columbus McKinnon has a 1-year low of $29.26 and a 1-year high of $45.84. The firm has a market cap of $1.04 billion, a P/E ratio of 68.72 and a beta of 1.24. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $37.53 and a 200-day moving average of $35.42.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Columbus McKinnon’s dividend payout ratio is currently 52.83%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday.

Insider Buying and Selling

In other news, Director Christopher J. Stephens purchased 1,000 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.98% of the stock is owned by insiders.

Columbus McKinnon Company Profile

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.