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NASDAQ:CMCO

Columbus McKinnon - CMCO Stock Forecast, Price & News

$35.75
-0.20 (-0.56%)
(As of 02/1/2023 09:31 AM ET)
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Compare
Today's Range
$35.49
$36.00
50-Day Range
$30.63
$36.32
52-Week Range
$23.54
$47.18
Volume
7,903 shs
Average Volume
103,781 shs
Market Capitalization
$1.02 billion
P/E Ratio
23.37
Dividend Yield
0.80%
Price Target
$40.00

Columbus McKinnon MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
11.3% Upside
$40.00 Price Target
Short Interest
Healthy
1.38% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of Columbus McKinnon in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.30%
From $2.83 to $2.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Industrial Products Sector

57th out of 185 stocks

Construction Machinery Industry

3rd out of 6 stocks


CMCO stock logo

About Columbus McKinnon (NASDAQ:CMCO) Stock

Columbus McKinnon Corp. engages in the design, manufacture, and marketing of material handling products and systems. Its products include hoists, chain and rigging tools, digital power control and delivery systems, actuators and rotary unions, industrial cranes, and elevator application drive systems which are distributed through STAHL, Herc-Alloy, Magnetek, Duff-Norton, Pfaff, and other brands. The company was founded in 1875 and is headquartered in Buffalo, NY.

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CMCO Stock News Headlines

Columbus McKinnon (CMCO) Set to Announce Earnings on Wednesday
Top Lithium Stock To Watch
Today's stock market news features a lithium stock with blue sky potential.
Columbus McKinnon declares $0.07 dividend
Crane Holdings (CR) Surpasses Q4 Earnings Estimates
Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
Columbus McKinnon: Q2 Earnings Insights
Columbus McKinnon (CMCO) Beats Q2 Earnings Estimates
See More Headlines
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CMCO Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 11/14 Dividend
11/03/2022
Dividend Payable
11/14/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/01/2023
Ex-Dividend for 2/21 Dividend
2/09/2023
Dividend Payable
2/21/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Construction machinery
Sub-Industry
Industrial Machinery
Current Symbol
NASDAQ:CMCO
CUSIP
19933310
Employees
3,224
Year Founded
1875

Price Target and Rating

Average Stock Price Forecast
$40.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+11.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$29.66 million
Pretax Margin
7.09%

Debt

Sales & Book Value

Annual Sales
$906.55 million
Cash Flow
$4.41 per share
Book Value
$27.11 per share

Miscellaneous

Free Float
28,112,000
Market Cap
$1.02 billion
Optionable
Optionable
Beta
1.25

Social Links


Key Executives

  • David J. Wilson
    President, Chief Executive Officer & Director
  • Gregory P. RustowiczGregory P. Rustowicz
    Chief Financial Officer, Treasurer & EVP-Finance
  • Adrienne Williams
    Chief Human Resources Officer & Senior VP
  • Mark R. ParadowskiMark R. Paradowski
    Vice President-Information Services
  • Bert A. Brant
    Vice President-Global Manufacturing Operations













CMCO Stock - Frequently Asked Questions

Should I buy or sell Columbus McKinnon stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Columbus McKinnon in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMCO shares.
View CMCO analyst ratings
or view top-rated stocks.

What is Columbus McKinnon's stock price forecast for 2023?

4 brokerages have issued 12-month target prices for Columbus McKinnon's shares. Their CMCO share price forecasts range from $35.00 to $48.00. On average, they predict the company's share price to reach $40.00 in the next year. This suggests a possible upside of 11.3% from the stock's current price.
View analysts price targets for CMCO
or view top-rated stocks among Wall Street analysts.

How have CMCO shares performed in 2023?

Columbus McKinnon's stock was trading at $32.47 at the beginning of the year. Since then, CMCO shares have increased by 10.7% and is now trading at $35.95.
View the best growth stocks for 2023 here
.

When is Columbus McKinnon's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our CMCO earnings forecast
.

How can I listen to Columbus McKinnon's earnings call?

Columbus McKinnon will be holding an earnings conference call on Wednesday, February 1st at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735008".

How were Columbus McKinnon's earnings last quarter?

Columbus McKinnon Co. (NASDAQ:CMCO) posted its quarterly earnings results on Wednesday, October, 27th. The industrial products company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The industrial products company earned $223.60 million during the quarter, compared to analyst estimates of $228.41 million. Columbus McKinnon had a net margin of 4.80% and a trailing twelve-month return on equity of 10.53%. The firm's quarterly revenue was up 41.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 EPS.

How often does Columbus McKinnon pay dividends? What is the dividend yield for Columbus McKinnon?

Columbus McKinnon announced a quarterly dividend on Monday, January 23rd. Investors of record on Friday, February 10th will be given a dividend of $0.07 per share on Tuesday, February 21st. This represents a $0.28 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 9th.
Read our dividend analysis for CMCO
.

Is Columbus McKinnon a good dividend stock?

Columbus McKinnon (NASDAQ:CMCO) pays an annual dividend of $0.28 per share and currently has a dividend yield of 0.79%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.30%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CMCO will have a dividend payout ratio of 9.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CMCO.

What guidance has Columbus McKinnon issued on next quarter's earnings?

Columbus McKinnon updated its third quarter 2023 earnings guidance on Thursday, November, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $225.00 million-$235.00 million, compared to the consensus revenue estimate of $231.22 million.

What is David J. Wilson's approval rating as Columbus McKinnon's CEO?

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.

What other stocks do shareholders of Columbus McKinnon own?
What is Columbus McKinnon's stock symbol?

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

Who are Columbus McKinnon's major shareholders?

Columbus McKinnon's stock is owned by a number of institutional and retail investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.16%), Foundry Partners LLC (0.52%), New York State Common Retirement Fund (0.19%), Natixis Advisors L.P. (0.11%), Oak Family Advisors LLC (0.09%) and Keybank National Association OH (0.03%). Insiders that own company stock include Alan S Korman, Gregory P Rustowicz, Kurt F Wozniak, Kurt F Wozniak, Mark D Morelli, Mark R Paradowski and Peter M Mccormick.
View institutional ownership trends
.

How do I buy shares of Columbus McKinnon?

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.
Compare Top Brokerages Here.

What is Columbus McKinnon's stock price today?

One share of CMCO stock can currently be purchased for approximately $35.95.

How much money does Columbus McKinnon make?

Columbus McKinnon (NASDAQ:CMCO) has a market capitalization of $1.03 billion and generates $906.55 million in revenue each year. The industrial products company earns $29.66 million in net income (profit) each year or $1.53 on an earnings per share basis.

How many employees does Columbus McKinnon have?

The company employs 3,224 workers across the globe.

Does Columbus McKinnon have any subsidiaries?
The following companies are subsidiares of Columbus McKinnon: Abell-Howe, CM Insurance Company Inc., CMCO Material Handling, Columbus McKinnon, Columbus McKinnon Asia Pacific Ltd., Columbus McKinnon Asia Pacific Pte. Ltd., Columbus McKinnon Austria GmbH, Columbus McKinnon Benelux B.V., Columbus McKinnon Corporation Ltd., Columbus McKinnon Dutch Holdings 3 B.V., Columbus McKinnon EMEA GmbH, Columbus McKinnon Engineered Products GmbH, Columbus McKinnon France S.a.r.l., Columbus McKinnon Hungary Finance Kft., Columbus McKinnon Hungary Holdings Kft., Columbus McKinnon Hungary Kft., Columbus McKinnon Ibérica S.L.U., Columbus McKinnon Industrial Products Co. Ltd., Columbus McKinnon Industrial Products GmbH, Columbus McKinnon Ireland Ltd., Columbus McKinnon Italia S.r.l., Columbus McKinnon Latin America B.V., Columbus McKinnon Limited, Columbus McKinnon Maghreb S.a.r.l AAU, Columbus McKinnon Polska Sp.z.o.o, Columbus McKinnon Russia LLC, Columbus McKinnon Singapore Pte. Ltd., Columbus McKinnon Switzerland AG, Columbus McKinnon de Mexico S.A. de C.V., Columbus McKinnon de Panama S.A., Columbus McKinnon de Uruguay S.A., Columbus McKinnon do Brazil Ltda., Dorner Mfg Corp, Eastern Morris Cranes Company Limited, Ergomatic Products LLC, Ferromet al Limitada, Garvey Corporation, Hebetechnik Gesellschaft GmbH, Lister Bolt and Chain, Magnetek (UK) Limited, Magnetek Inc., Magnetek National Electric Coil Inc., Morris Middle East Ltd., Pfaff Beteiligungs GmbH, STAHL CraneSystems GmbH, STAHL Cranesystems FZE, STAHL Cranesystems Inc., STAHL Cranesystems India Private Ltd., STAHL Cranesystems Shanghai Co. Ltd., Société d’Exploitation des Raccords Gautier, Stahl Cranesystems Ltd., Stahlhammer Bommern GmbH, Unified Industries Inc., Verkehrstechnik Gmbh, Washington Equipment Co., Yale Engineering Products, Yale Industrial Products Inc., Yale Lifting Solutions, Yale Lifting Solutions (Pty.), Yale Lifting Solutions Industrial, and Yale Lifting Solutions Industrial (Pty.).
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How can I contact Columbus McKinnon?

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.

This page (NASDAQ:CMCO) was last updated on 2/1/2023 by MarketBeat.com Staff