Columbus McKinnon (NASDAQ:CMCO) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

by · The Cerbat Gem

Columbus McKinnon (NASDAQ:CMCO – Get Free Report) posted its earnings results on Thursday. The industrial products company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.12), Briefing.com reports. The business had revenue of $437.83 million for the quarter, compared to analysts’ expectations of $417.88 million. Columbus McKinnon had a net margin of 0.60% and a return on equity of 7.41%. The business’s revenue was up 77.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 earnings per share. Columbus McKinnon updated its FY 2027 guidance to 1.700-1.900 EPS.

Columbus McKinnon Trading Down 2.0%

Shares of Columbus McKinnon stock opened at $15.51 on Thursday. The company’s fifty day simple moving average is $15.18 and its 200-day simple moving average is $17.15. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. The company has a market cap of $445.76 million, a price-to-earnings ratio of 73.86 and a beta of 1.38. Columbus McKinnon has a 1 year low of $13.31 and a 1 year high of $24.40.

Columbus McKinnon Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were paid a $0.07 dividend. The ex-dividend date was Friday, May 1st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. Columbus McKinnon’s payout ratio is presently 133.33%.

Institutional Trading of Columbus McKinnon

Several institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in Columbus McKinnon by 0.4% during the fourth quarter. Invesco Ltd. now owns 1,457,095 shares of the industrial products company’s stock valued at $25,135,000 after purchasing an additional 5,210 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in Columbus McKinnon during the fourth quarter worth about $273,000. Front Street Capital Management Inc. boosted its stake in Columbus McKinnon by 2.4% in the fourth quarter. Front Street Capital Management Inc. now owns 213,785 shares of the industrial products company’s stock worth $3,688,000 after purchasing an additional 4,918 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Columbus McKinnon during the fourth quarter worth $2,001,000. Finally, Empowered Funds LLC boosted its holdings in Columbus McKinnon by 156.2% in the fourth quarter. Empowered Funds LLC now owns 117,778 shares of the industrial products company’s stock valued at $2,032,000 after acquiring an additional 71,813 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CMCO has been the subject of several recent analyst reports. Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, May 29th. Wall Street Zen cut Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. JPMorgan Chase & Co. decreased their price objective on Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Zacks Research downgraded Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, DA Davidson set a $20.00 price target on shares of Columbus McKinnon in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $23.50.

Check Out Our Latest Report on Columbus McKinnon

Columbus McKinnon Company Profile

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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.

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