Columbus McKinnon (CMCO) Projected to Post Earnings on Monday

Columbus McKinnon (NASDAQ:CMCO) is expected to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect Columbus McKinnon to post earnings of $0.74 per share and revenue of $251.76 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Columbus McKinnon Trading Down 0.8 %

Columbus McKinnon stock opened at $36.42 on Monday. The stock has a market cap of $1.04 billion, a P/E ratio of 68.72 and a beta of 1.24. Columbus McKinnon has a fifty-two week low of $29.26 and a fifty-two week high of $45.84. The firm’s fifty day moving average price is $37.53 and its 200-day moving average price is $35.42. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.28 annualized dividend and a dividend yield of 0.77%. Columbus McKinnon’s payout ratio is currently 52.83%.

Insider Buying and Selling

In other news, Director Christopher J. Stephens bought 1,000 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was acquired at an average price of $37.34 per share, with a total value of $37,340.00. Following the completion of the purchase, the director now directly owns 6,014 shares in the company, valued at $224,562.76. This represents a 19.94 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.98% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research note on Saturday.

Columbus McKinnon Company Profile

Columbus McKinnon Corporation designs, manufactures, and markets motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual, battery, electric, and air hoists; steel, rack, and pinion jacks; winches, hydraulic jacks and tools, trolleys and its clamps, and lifting tables; skates and heavy load moving systems; material handling equipment; mobile, workplace, and jib cranes; crane components and kits; and below-the-hook lifting devices, lifting slings, and lashing systems.