Columbus McKinnon (CMCO) Projected to Post Earnings on Monday

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

Columbus McKinnon Stock Performance

Columbus McKinnon stock opened at $34.25 on Friday. 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 firm has a 50-day moving average of $37.08 and a 200-day moving average of $35.37. The firm has a market cap of $982.63 million, a P/E ratio of 64.62 and a beta of 1.22. Columbus McKinnon has a 1-year low of $29.26 and a 1-year high of $45.84.

Columbus McKinnon Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, February 7th will be issued a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 annualized dividend and a yield of 0.82%. Columbus McKinnon’s dividend payout ratio (DPR) is presently 52.83%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a report on Saturday, February 1st.

Insider Buying and Selling at Columbus McKinnon

In related 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 transaction, the director now owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.98% of the company’s stock.

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.