Analysts predict that Columbus McKinnon Corp. (NASDAQ:CMCO) will announce $218.75 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Columbus McKinnon’s earnings. The lowest sales estimate is $218.10 million and the highest is $219.40 million. Columbus McKinnon reported sales of $212.83 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that Columbus McKinnon will report full year sales of $878.70 million for the current year, with estimates ranging from $876.30 million to $881.10 million. For the next year, analysts forecast that the company will post sales of $907.35 million per share, with estimates ranging from $902.60 million to $912.10 million. Zacks’ sales calculations are an average based on a survey of research analysts that follow Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.14. Columbus McKinnon had a net margin of 2.10% and a return on equity of 13.04%. The business had revenue of $224.99 million for the quarter, compared to the consensus estimate of $219.22 million. During the same period in the prior year, the business posted $0.55 earnings per share. Columbus McKinnon’s revenue for the quarter was up 10.4% compared to the same quarter last year.

A number of equities analysts have recently weighed in on CMCO shares. Zacks Investment Research raised shares of Columbus McKinnon from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Friday, June 1st. ValuEngine downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. TheStreet raised shares of Columbus McKinnon from a “c+” rating to a “b” rating in a research note on Wednesday, May 30th. Finally, BidaskClub raised shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research note on Saturday, May 19th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.75.

Shares of NASDAQ CMCO traded up $0.07 during mid-day trading on Friday, reaching $42.30. The company had a trading volume of 62,800 shares, compared to its average volume of 146,012. Columbus McKinnon has a twelve month low of $32.65 and a twelve month high of $45.85. The company has a current ratio of 1.84, a quick ratio of 1.04 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $978.36 million, a PE ratio of 21.04 and a beta of 1.87.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Friday, August 10th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date was Thursday, August 9th. Columbus McKinnon’s payout ratio is 9.95%.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in Columbus McKinnon during the first quarter worth $109,000. Eqis Capital Management Inc. acquired a new position in Columbus McKinnon during the second quarter worth $204,000. WealthTrust Axiom LLC acquired a new position in Columbus McKinnon during the second quarter worth $216,000. Dynamic Technology Lab Private Ltd acquired a new position in Columbus McKinnon during the second quarter worth $225,000. Finally, Global X Management Co. LLC increased its position in Columbus McKinnon by 139.9% during the first quarter. Global X Management Co. LLC now owns 6,800 shares of the industrial products company’s stock worth $244,000 after buying an additional 3,965 shares during the last quarter. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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

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