What is DA Davidson's Estimate for CMCO FY2027 Earnings?

Columbus McKinnon Co. (NASDAQ:CMCO - Free Report) - Stock analysts at DA Davidson issued their FY2027 earnings per share estimates for Columbus McKinnon in a research note issued on Friday, May 30th. DA Davidson analyst M. Summerville anticipates that the industrial products company will post earnings per share of $2.85 for the year. DA Davidson currently has a "Neutral" rating and a $35.00 target price on the stock. The consensus estimate for Columbus McKinnon's current full-year earnings is $2.69 per share.

Separately, Wall Street Zen lowered Columbus McKinnon from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Columbus McKinnon Stock Performance

CMCO traded up $1.10 on Monday, hitting $14.90. 883,308 shares of the stock traded hands, compared to its average volume of 367,650. The business has a fifty day moving average price of $15.34 and a two-hundred day moving average price of $25.37. The company has a current ratio of 2.03, a quick ratio of 1.10 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $426.62 million, a PE ratio of 45.15 and a beta of 1.33. Columbus McKinnon has a 52 week low of $11.78 and a 52 week high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last released its earnings results on Wednesday, May 28th. The industrial products company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.58 by $0.02. Columbus McKinnon had a net margin of 0.95% and a return on equity of 8.64%. The firm had revenue of $248.00 million during the quarter, compared to analysts' expectations of $250.05 million. During the same period in the prior year, the company earned $0.75 EPS. The business's quarterly revenue was down 7.0% compared to the same quarter last year.

Hedge Funds Weigh In On Columbus McKinnon

Several hedge funds and other institutional investors have recently modified their holdings of CMCO. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Columbus McKinnon in the 4th quarter valued at $26,416,000. Asset Management One Co. Ltd. boosted its position in Columbus McKinnon by 146.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 75,857 shares of the industrial products company's stock valued at $2,840,000 after buying an additional 45,073 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Columbus McKinnon in the fourth quarter valued at about $14,799,000. Heartland Advisors Inc. bought a new stake in Columbus McKinnon during the fourth quarter worth about $3,724,000. Finally, Victory Capital Management Inc. increased its holdings in shares of Columbus McKinnon by 117.8% during the fourth quarter. Victory Capital Management Inc. now owns 737,250 shares of the industrial products company's stock worth $27,455,000 after buying an additional 398,826 shares in the last quarter. Institutional investors own 95.96% of the company's stock.

Insider Activity at Columbus McKinnon

In related news, Director Kathryn V. Bohl acquired 2,819 shares of the firm's stock in a transaction on Wednesday, March 19th. The shares were bought at an average cost of $17.99 per share, with a total value of $50,713.81. Following the completion of the acquisition, the director now owns 14,812 shares of the company's stock, valued at $266,467.88. This trade represents a 23.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.98% of the stock is currently owned by insiders.

Columbus McKinnon Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 12th. Stockholders of record on Friday, May 2nd were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.28 annualized dividend and a dividend yield of 1.88%. Columbus McKinnon's dividend payout ratio (DPR) is currently -164.71%.

Columbus McKinnon Company Profile

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.