Analysts expect that Columbus McKinnon Corp. (NASDAQ:CMCO) will report sales of $209.55 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Columbus McKinnon’s earnings. The highest sales estimate is $210.00 million and the lowest is $209.10 million. Columbus McKinnon posted sales of $183.69 million during the same quarter last year, which indicates a positive year over year growth rate of 14.1%. The company is scheduled to announce its next earnings results on Wednesday, May 30th.

On average, analysts expect that Columbus McKinnon will report full year sales of $209.55 million for the current year, with estimates ranging from $834.40 million to $835.20 million. For the next year, analysts expect that the firm will post sales of $866.25 million per share, with estimates ranging from $856.70 million to $875.80 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.13. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The business had revenue of $208.73 million during the quarter, compared to analysts’ expectations of $201.08 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Columbus McKinnon’s revenue was up 36.9% compared to the same quarter last year.

Several equities research analysts recently weighed in on CMCO shares. ValuEngine raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Roth Capital upped their price objective on shares of Columbus McKinnon from $41.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, January 15th. Seaport Global Securities reaffirmed a “buy” rating and set a $50.00 price objective on shares of Columbus McKinnon in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research report on Thursday, November 2nd. Finally, TheStreet cut shares of Columbus McKinnon from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $46.33.

Shares of Columbus McKinnon (NASDAQ:CMCO) opened at $34.95 on Thursday. Columbus McKinnon has a 52-week low of $23.13 and a 52-week high of $44.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.81. The firm has a market cap of $807.36, a PE ratio of 18.46 and a beta of 1.78.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.16 annualized dividend and a yield of 0.46%. Columbus McKinnon’s dividend payout ratio is 43.24%.

In other news, VP Alan S. Korman sold 1,558 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.10, for a total value of $62,475.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark R. Paradowski sold 3,906 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.96, for a total transaction of $156,083.76. The disclosure for this sale can be found here. Insiders have sold 6,225 shares of company stock valued at $247,918 in the last ninety days. 3.91% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Howe & Rusling Inc. bought a new position in shares of Columbus McKinnon in the fourth quarter worth about $114,000. SG Americas Securities LLC bought a new position in shares of Columbus McKinnon in the third quarter worth about $141,000. Globeflex Capital L P bought a new position in shares of Columbus McKinnon in the fourth quarter worth about $149,000. Cubist Systematic Strategies LLC bought a new position in shares of Columbus McKinnon in the third quarter worth about $202,000. Finally, Trexquant Investment LP bought a new position in shares of Columbus McKinnon in the third quarter worth about $212,000. 84.63% of the stock is owned by hedge funds and other institutional investors.

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Columbus McKinnon Company Profile

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.

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

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