Columbus McKinnon (NASDAQ:CMCO) Releases FY 2027 Earnings Guidance

Columbus McKinnon (NASDAQ:CMCO) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.700-1.900 for the period, compared to the consensus estimate of 1.680. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Columbus McKinnon Stock Performance

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

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors 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 annualized dividend and a dividend yield of 1.8%. Columbus McKinnon’s dividend payout ratio is 133.33%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Columbus McKinnon

Several hedge funds and other institutional investors have recently modified their holdings of CMCO. Dynamic Technology Lab Private Ltd bought a new position in shares of Columbus McKinnon in the fourth quarter worth about $222,000. State of Wyoming grew its holdings in shares of Columbus McKinnon by 54.0% during the 2nd quarter. State of Wyoming now owns 12,125 shares of the industrial products company’s stock valued at $185,000 after purchasing an additional 4,251 shares during the last quarter. Captrust Financial Advisors acquired a new position in Columbus McKinnon during the 4th quarter worth approximately $179,000. Public Employees Retirement System of Ohio increased its position in Columbus McKinnon by 42.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 11,921 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 3,581 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Columbus McKinnon by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after purchasing an additional 852 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Columbus McKinnon Company Profile

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.