Columbus McKinnon (CMCO) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CMCO shares.
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1 brokerages have issued 1 year price objectives for Columbus McKinnon's stock. Their CMCO share price forecasts range from $48.00 to $48.00. On average, they predict the company's share price to reach $48.00 in the next year. This suggests a possible upside of 38.6% from the stock's current price.
View analysts price targets for CMCO or view top-rated stocks among Wall Street analysts.

Columbus McKinnon's stock was trading at $32.47 at the start of the year. Since then, CMCO stock has increased by 6.7% and is now trading at $34.63.
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Columbus McKinnon saw a decrease in short interest in September. As of September 15th, there was short interest totaling 209,600 shares, a decrease of 5.5% from the August 31st total of 221,800 shares. Based on an average daily volume of 79,700 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.8% of the shares of the stock are sold short.
View Columbus McKinnon's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CMCO earnings forecast.

Columbus McKinnon Co. (NASDAQ:CMCO) issued its quarterly earnings results on Wednesday, August, 2nd. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.01. The industrial products company earned $235.50 million during the quarter, compared to the consensus estimate of $236.77 million. Columbus McKinnon had a net margin of 5.18% and a trailing twelve-month return on equity of 10.08%. The company's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.69 EPS.

Columbus McKinnon announced a quarterly dividend on Sunday, July 23rd. Investors of record on Friday, August 11th will be given a dividend of $0.07 per share on Monday, August 21st. This represents a $0.28 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 10th.
Read our dividend analysis for CMCO.

iShares Micro-Cap ETF holds 64,515 shares of CMCO stock, representing 0.29% of its portfolio.

Columbus McKinnon (NASDAQ:CMCO) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 16.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 8.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMCO.

Columbus McKinnon updated its second quarter 2024 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $250.00 million-$260.00 million, compared to the consensus revenue estimate of $251.23 million.

16 employees have rated Columbus McKinnon Chief Executive Officer David J. Wilson on Glassdoor.com. David J. Wilson has an approval rating of 50% among the company's employees. This puts David J. Wilson in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 35.0% of employees surveyed would recommend working at Columbus McKinnon to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other Columbus McKinnon investors own include Sangamo Therapeutics (SGMO), NVIDIA (NVDA), Alibaba Group (BABA), Main Street Capital (MAIN), O-I Glass (OI), Pluristem Therapeutics (PSTI), Teva Pharmaceutical Industries (TEVA), Advanced Micro Devices (AMD), Ballard Power Systems (BLDP) and CenterPoint Energy (CNP).

Columbus McKinnon trades on the NASDAQ under the ticker symbol "CMCO."

Columbus McKinnon's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (8.40%), BlackRock Inc. (7.81%), Dimensional Fund Advisors LP (6.27%), Allspring Global Investments Holdings LLC (3.42%), Allspring Global Investments Holdings LLC (3.42%) and Victory Capital Management Inc. (3.38%). Insiders that own company stock include Gregory P Rustowicz, Kurt F Wozniak, Kurt F Wozniak, Mark R Paradowski and Peter M Mccormick.
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Shares of CMCO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CMCO stock can currently be purchased for approximately $34.63.

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $994.57 million and generates $936.24 million in revenue each year. The industrial products company earns $48.43 million in net income (profit) each year or $1.71 on an earnings per share basis.

The company employs 3,392 workers across the globe.

Columbus McKinnon's mailing address is 205 CROSSPOINT PARKWAY, GETZVILLE NY, 14068. The official website for the company is www.cmworks.com. The industrial products company can be reached via phone at (716) 689-5400, via email at ir@cmworks.com, or via fax at 716-689-5644.