Analysts forecast that Columbus McKinnon Corporation (NASDAQ:CMCO) will announce earnings per share (EPS) of $0.45 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Columbus McKinnon Corporation’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.44. Columbus McKinnon Corporation posted earnings of $0.36 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 25%. The business is expected to report its next quarterly earnings results on Friday, October 27th.

On average, analysts expect that Columbus McKinnon Corporation will report full-year earnings of $1.93 per share for the current year, with EPS estimates ranging from $1.90 to $1.96. For the next financial year, analysts expect that the business will report earnings of $2.34 per share, with EPS estimates ranging from $2.33 to $2.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Columbus McKinnon Corporation.

Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.23. The firm had revenue of $203.70 million for the quarter, compared to analyst estimates of $190.62 million. Columbus McKinnon Corporation had a net margin of 2.06% and a return on equity of 10.30%. Columbus McKinnon Corporation’s quarterly revenue was up 36.7% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS.

A number of equities analysts have weighed in on CMCO shares. Zacks Investment Research raised shares of Columbus McKinnon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub downgraded shares of Columbus McKinnon Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 13th. ValuEngine raised shares of Columbus McKinnon Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Roth Capital set a $36.00 price target on shares of Columbus McKinnon Corporation and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, TheStreet downgraded shares of Columbus McKinnon Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $34.50.

Shares of Columbus McKinnon Corporation (NASDAQ:CMCO) traded up 0.53% on Friday, reaching $34.44. 10,769 shares of the company were exchanged. Columbus McKinnon Corporation has a 52-week low of $16.86 and a 52-week high of $34.96. The stock has a 50 day moving average of $32.24 and a 200-day moving average of $27.28. The company has a market capitalization of $779.21 million, a P/E ratio of 52.18 and a beta of 1.87.

ILLEGAL ACTIVITY WARNING: “Columbus McKinnon Corporation (CMCO) Expected to Post Earnings of $0.45 Per Share” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://www.dailypolitical.com/2017/09/22/columbus-mckinnon-corporation-cmco-expected-to-post-earnings-of-0-45-per-share.html.

In other news, Director Timothy T. Tevens sold 45,172 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $32.76, for a total value of $1,479,834.72. Following the completion of the sale, the director now owns 293,536 shares of the company’s stock, valued at $9,616,239.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Alan S. Korman sold 2,500 shares of the stock in a transaction on Monday, September 11th. The stock was sold at an average price of $32.93, for a total transaction of $82,325.00. Following the completion of the sale, the vice president now directly owns 13,121 shares of the company’s stock, valued at approximately $432,074.53. The disclosure for this sale can be found here. Insiders sold 167,932 shares of company stock valued at $5,416,512 in the last three months. Company insiders own 3.91% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Columbus McKinnon Corporation by 4.7% in the second quarter. Royal Bank of Canada now owns 2,608,542 shares of the industrial products company’s stock worth $66,309,000 after acquiring an additional 118,139 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Columbus McKinnon Corporation by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,373,168 shares of the industrial products company’s stock worth $34,906,000 after acquiring an additional 108,359 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Columbus McKinnon Corporation by 0.6% in the second quarter. Macquarie Group Ltd. now owns 850,186 shares of the industrial products company’s stock worth $21,612,000 after acquiring an additional 4,726 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Columbus McKinnon Corporation by 5.3% in the second quarter. Vanguard Group Inc. now owns 820,712 shares of the industrial products company’s stock worth $20,863,000 after acquiring an additional 41,410 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Columbus McKinnon Corporation by 8.7% in the second quarter. Northern Trust Corp now owns 495,033 shares of the industrial products company’s stock worth $12,585,000 after acquiring an additional 39,578 shares in the last quarter. 86.37% of the stock is owned by institutional investors.

About Columbus McKinnon Corporation

Get a free copy of the Zacks research report on Columbus McKinnon Corporation (CMCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Columbus McKinnon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.