Columbus McKinnon (NASDAQ:CMCO – Get Rating) released its quarterly earnings data on Thursday. The industrial products company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.06, Briefing.com reports. The business had revenue of $253.80 million during the quarter, compared to analysts’ expectations of $249.79 million. Columbus McKinnon had a return on equity of 10.72% and a net margin of 4.95%. The business’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.79 EPS.
Columbus McKinnon Trading Down 0.1 %
CMCO stock traded down $0.04 during midday trading on Friday, hitting $36.44. The stock had a trading volume of 5,172 shares, compared to its average volume of 92,608. Columbus McKinnon has a 12-month low of $23.54 and a 12-month high of $39.85. The company’s 50-day moving average price is $35.09 and its 200 day moving average price is $34.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.15 and a quick ratio of 1.22. The firm has a market cap of $1.04 billion, a PE ratio of 22.66 and a beta of 1.24.
Columbus McKinnon Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Friday, May 5th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $0.28 annualized dividend and a yield of 0.77%. Columbus McKinnon’s payout ratio is currently 17.39%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com started coverage on shares of Columbus McKinnon in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company.
About Columbus McKinnon
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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