Columbus McKinnon (NASDAQ:CMCO) issued its earnings results on Tuesday. The industrial products company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.58 by $0.11, Fidelity Earnings reports. Columbus McKinnon had a return on equity of 14.55% and a net margin of 3.58%. The business had revenue of $216.70 million for the quarter, compared to the consensus estimate of $210.59 million. During the same period last year, the business posted $0.51 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Columbus McKinnon updated its Q1 2020 guidance to EPS.
CMCO stock opened at $35.74 on Wednesday. The firm has a market capitalization of $834.53 million, a PE ratio of 17.78 and a beta of 1.80. Columbus McKinnon has a 1 year low of $27.66 and a 1 year high of $45.85. The company has a current ratio of 1.78, a quick ratio of 1.01 and a debt-to-equity ratio of 0.61.
The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were paid a $0.06 dividend. This is an increase from Columbus McKinnon’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend was Thursday, May 2nd. Columbus McKinnon’s dividend payout ratio (DPR) is 11.94%.
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Columbus McKinnon Company Profile
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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