Columbus McKinnon (NASDAQ:CMCO - Get Free Report) is set to post its quarterly earnings results before the market opens on Wednesday, May 29th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.
Columbus McKinnon Stock Performance
CMCO stock traded down $0.26 during trading hours on Wednesday, reaching $44.94. The stock had a trading volume of 109,634 shares, compared to its average volume of 133,676. Columbus McKinnon has a fifty-two week low of $30.29 and a fifty-two week high of $45.84. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.92 and a quick ratio of 1.16. The stock has a market capitalization of $1.29 billion, a PE ratio of 26.59 and a beta of 1.27. The stock has a 50-day simple moving average of $42.74 and a 200 day simple moving average of $39.93.
Columbus McKinnon Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, May 3rd were given a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.62%. Columbus McKinnon's payout ratio is 16.57%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. DA Davidson increased their price objective on shares of Columbus McKinnon from $48.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, February 5th. StockNews.com upgraded Columbus McKinnon from a "buy" rating to a "strong-buy" rating in a report on Monday, May 13th.
Check Out Our Latest Research Report on Columbus McKinnon
About Columbus McKinnon
(
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Columbus McKinnon Corporation designs, manufactures, and markets intelligent motion solutions for moving, lifting, positioning, and securing materials worldwide. It offers manual hoists, electric and air hoists, winches, hydraulic jacks, trolleys and its clamps, and lifting tables; crane systems, such as mobile and jib cranes, material handling solutions, enclosed track rail systems, and crane components and kits; and rigging equipment comprising below-the-hook lifting devices, lifting slings and lashing systems, tie-downs and load binders, forestry and hand tools, and shackles.
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