Columbus McKinnon (CMCO) Projected to Post Earnings on Wednesday

Columbus McKinnon (NASDAQ:CMCOGet Free Report) is expected to issue its earnings data before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.74 per share and revenue of $252,200.00 billion for the quarter.

Columbus McKinnon Trading Up 0.8 %

Shares of NASDAQ CMCO opened at $37.39 on Monday. The firm’s 50 day moving average price is $37.55 and its 200-day moving average price is $35.39. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.16 and a current ratio of 2.04. Columbus McKinnon has a 52-week low of $29.26 and a 52-week high of $45.84. The company has a market cap of $1.07 billion, a PE ratio of 70.55 and a beta of 1.24.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 7th will be given a $0.07 dividend. The ex-dividend date is Friday, February 7th. This represents a $0.28 annualized dividend and a yield of 0.75%. Columbus McKinnon’s payout ratio is presently 52.83%.

Insider Buying and Selling

In related news, Director Christopher J. Stephens bought 1,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were acquired at an average cost of $37.34 per share, for a total transaction of $37,340.00. Following the acquisition, the director now directly owns 6,014 shares in the company, valued at approximately $224,562.76. This trade represents a 19.94 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO David J. Wilson purchased 31,300 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $32.02 per share, with a total value of $1,002,226.00. Following the acquisition, the chief executive officer now owns 31,300 shares of the company’s stock, valued at approximately $1,002,226. The trade was a ? increase in their position. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Columbus McKinnon from a “hold” rating to a “buy” rating in a report on Friday.

View Our Latest Stock Report on Columbus McKinnon

Columbus McKinnon Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Columbus McKinnon (NASDAQ:CMCO)

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