FY2027 EPS Forecast for Columbus McKinnon Lowered by Analyst

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) - Investment analysts at DA Davidson lowered their FY2027 EPS estimates for shares of Columbus McKinnon in a research note issued on Monday, August 4th. DA Davidson analyst M. Summerville now anticipates that the industrial products company will post earnings per share of $2.80 for the year, down from their previous forecast of $2.85. The consensus estimate for Columbus McKinnon's current full-year earnings is $2.69 per share.

Columbus McKinnon (NASDAQ:CMCO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $235.92 million during the quarter, compared to analyst estimates of $230.88 million. Columbus McKinnon had a negative net margin of 1.63% and a positive return on equity of 7.62%.

Columbus McKinnon Stock Down 2.3%

CMCO stock traded down $0.33 during mid-day trading on Tuesday, hitting $13.90. 257,684 shares of the company were exchanged, compared to its average volume of 457,061. The firm has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $18.03. The company has a current ratio of 1.85, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46. Columbus McKinnon has a twelve month low of $11.78 and a twelve month high of $41.05. The company has a market capitalization of $399.35 million, a PE ratio of -25.74 and a beta of 1.29.

Columbus McKinnon Announces Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Simplex Trading LLC lifted its position in Columbus McKinnon by 782.2% in the 2nd quarter. Simplex Trading LLC now owns 1,685 shares of the industrial products company's stock valued at $25,000 after purchasing an additional 1,932 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Columbus McKinnon by 810.0% in the 4th quarter. Sterling Capital Management LLC now owns 910 shares of the industrial products company's stock worth $34,000 after purchasing an additional 810 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of Columbus McKinnon by 3,784.1% in 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 during the last quarter. Signaturefd LLC increased its position in shares of Columbus McKinnon by 743.4% in the first quarter. Signaturefd LLC now owns 2,429 shares of the industrial products company's stock worth $41,000 after acquiring an additional 2,141 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of Columbus McKinnon in the first quarter worth approximately $47,000. 95.96% of the stock is currently owned by institutional investors.

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.