Wall Street brokerages expect Columbus McKinnon Co. (NASDAQ:CMCO) to announce earnings per share of $0.15 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Columbus McKinnon’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.12. Columbus McKinnon posted earnings of $0.64 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 76.6%. The firm is scheduled to issue its next earnings report on Tuesday, February 2nd.

On average, analysts expect that Columbus McKinnon will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.82 to $0.96. For the next financial year, analysts anticipate that the business will post earnings of $1.89 per share, with EPS estimates ranging from $1.80 to $2.02. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Columbus McKinnon.

Columbus McKinnon (NASDAQ:CMCO) last posted its quarterly earnings data on Thursday, October 29th. The industrial products company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.09. Columbus McKinnon had a return on equity of 8.20% and a net margin of 2.54%. The company had revenue of $157.79 million during the quarter, compared to analyst estimates of $157.54 million.

Several equities research analysts have recently issued reports on CMCO shares. TheStreet downgraded Columbus McKinnon from a “b-” rating to a “c+” rating in a research report on Thursday, September 24th. Zacks Investment Research raised Columbus McKinnon from a “strong sell” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Tuesday, January 5th. Finally, Sidoti upped their price target on Columbus McKinnon from $42.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Columbus McKinnon has an average rating of “Buy” and an average price target of $41.00.

Shares of Columbus McKinnon stock traded up $0.16 during trading hours on Thursday, reaching $41.72. 726 shares of the company were exchanged, compared to its average volume of 59,615. Columbus McKinnon has a 1 year low of $19.20 and a 1 year high of $43.30. The stock’s fifty day moving average is $40.03 and its 200 day moving average is $36.24. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.91 and a current ratio of 2.63. The firm has a market cap of $997.07 million, a PE ratio of 56.86, a PEG ratio of 3.87 and a beta of 1.51.

In related news, VP Peter M. Mccormick sold 5,161 shares of the stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $37.04, for a total value of $191,163.44. Following the completion of the transaction, the vice president now owns 47,968 shares of the company’s stock, valued at $1,776,734.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Gregory P. Rustowicz sold 7,500 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $37.50, for a total transaction of $281,250.00. Following the transaction, the chief financial officer now owns 77,061 shares of the company’s stock, valued at approximately $2,889,787.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,854 shares of company stock valued at $710,472. 2.18% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in shares of Columbus McKinnon by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 47,680 shares of the industrial products company’s stock valued at $1,595,000 after purchasing an additional 319 shares during the period. Aperio Group LLC boosted its holdings in shares of Columbus McKinnon by 4.9% during the 3rd quarter. Aperio Group LLC now owns 7,152 shares of the industrial products company’s stock worth $237,000 after buying an additional 337 shares in the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of Columbus McKinnon by 6.2% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 7,278 shares of the industrial products company’s stock worth $241,000 after buying an additional 423 shares during the period. Point72 Hong Kong Ltd increased its stake in shares of Columbus McKinnon by 67.2% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,252 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 503 shares in the last quarter. Finally, American International Group Inc. increased its stake in Columbus McKinnon by 3.9% in the second quarter. American International Group Inc. now owns 14,170 shares of the industrial products company’s stock valued at $474,000 after purchasing an additional 527 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, rigging tools, digital power control systems, motion control products, and other technologies and systems 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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