Columbus McKinnon (CMCO) Expected to Announce Quarterly Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCO) is anticipated to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $252,200.00 billion for the quarter.

Columbus McKinnon Price Performance

Shares of NASDAQ CMCO opened at $37.61 on Wednesday. Columbus McKinnon has a twelve month low of $29.26 and a twelve month high of $45.84. The company has a current ratio of 2.04, a quick ratio of 1.16 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 70.96 and a beta of 1.24. The business has a 50 day simple moving average of $37.56 and a 200-day simple moving average of $35.29.

Columbus McKinnon Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 7th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.74%. Columbus McKinnon’s dividend payout ratio (DPR) is 52.83%.

Insider Activity at Columbus McKinnon

In related news, Director Christopher J. Stephens acquired 1,000 shares of Columbus McKinnon stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $37.34 per share, for a total transaction of $37,340.00. Following the transaction, the director now directly owns 6,014 shares of the company’s stock, valued at $224,562.76. This trade represents a 19.94 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David J. Wilson acquired 31,300 shares of Columbus McKinnon stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $32.02 per share, with a total value of $1,002,226.00. Following the transaction, the chief executive officer now directly owns 31,300 shares in the company, valued at approximately $1,002,226. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.98% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Thursday, January 16th.

About Columbus McKinnon

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.