DA Davidson Predicts Weaker Earnings for Columbus McKinnon

Key Points

• DA Davidson has lowered their FY2027 earnings per share estimate for Columbus McKinnon to $2.80, down from the previous estimate of $2.85.
• The company announced a quarterly dividend of $0.07 per share, with a dividend yield of 2.0%.
• Institutional investors and hedge funds currently own 95.96% of Columbus McKinnon's stock, reflecting significant confidence in the company.

Columbus McKinnon Corporation (NASDAQ:CMCO - Free Report) - Stock analysts at DA Davidson decreased their FY2027 EPS estimates for shares of Columbus McKinnon in a note issued to investors on Monday, August 4th. DA Davidson analyst M. Summerville now expects that the industrial products company will earn $2.80 per share for the year, down from their prior forecast of $2.85. The consensus estimate for Columbus McKinnon's current full-year earnings is $2.69 per share.

Columbus McKinnon Stock Performance

CMCO stock traded down $0.33 during midday trading on Tuesday, reaching $13.90. 257,684 shares of the company were exchanged, compared to its average volume of 515,797. The business has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $18.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.85 and a quick ratio of 1.01. The firm has a market capitalization of $399.35 million, a price-to-earnings ratio of -25.74 and a beta of 1.29. Columbus McKinnon has a one year low of $11.78 and a one year high of $41.05.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The industrial products company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The firm had revenue of $235.92 million for the quarter, compared to analyst estimates of $230.88 million. Columbus McKinnon had a positive return on equity of 7.62% and a negative net margin of 1.63%.

Institutional Investors Weigh In On Columbus McKinnon

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC grew its position in Columbus McKinnon by 782.2% in the second quarter. Simplex Trading LLC now owns 1,685 shares of the industrial products company's stock valued at $25,000 after acquiring an additional 1,932 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Columbus McKinnon by 810.0% during the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 810 shares during the last quarter. Versant Capital Management Inc increased its position in Columbus McKinnon by 3,784.1% during the 1st quarter. Versant Capital Management Inc now owns 2,447 shares of the industrial products company's stock worth $41,000 after purchasing an additional 2,384 shares in the last quarter. Signaturefd LLC increased its position in Columbus McKinnon by 743.4% during the 1st quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock worth $41,000 after purchasing an additional 2,141 shares in the last quarter. Finally, Parallel Advisors LLC bought a new position in Columbus McKinnon in the 1st quarter valued at approximately $47,000. 95.96% of the stock is currently owned by institutional investors.

Columbus McKinnon Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 8th. Columbus McKinnon's dividend payout ratio is -51.85%.

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.