Columbus McKinnon (NASDAQ:CMCO – Get Rating) issued its quarterly earnings results on Thursday. The industrial products company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.06, Briefing.com reports. Columbus McKinnon had a net margin of 4.95% and a return on equity of 10.72%. The company had revenue of $253.80 million during the quarter, compared to analyst estimates of $249.79 million. During the same period in the prior year, the business posted $0.79 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year.
Columbus McKinnon Stock Down 0.1 %
NASDAQ:CMCO traded down $0.04 on Friday, hitting $36.44. 5,172 shares of the company’s stock traded hands, compared to its average volume of 92,608. The firm has a 50-day moving average price of $35.09 and a 200-day moving average price of $34.56. Columbus McKinnon has a 1 year low of $23.54 and a 1 year high of $39.85. The company has a market cap of $1.04 billion, a PE ratio of 22.66 and a beta of 1.24. The company has a current ratio of 2.15, a quick ratio of 1.22 and a debt-to-equity ratio of 0.54.
Columbus McKinnon Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 15th. Stockholders of record on Friday, May 5th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, May 4th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.77%. Columbus McKinnon’s dividend payout ratio is 17.39%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on Columbus McKinnon in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company.
Columbus McKinnon Company Profile
Columbus McKinnon Corp. engages in the design, manufacture, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands.
- Get a free copy of the StockNews.com research report on Columbus McKinnon (CMCO)
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