Columbus McKinnon (NASDAQ:CMCO) Updates FY 2027 Earnings Guidance

Columbus McKinnon (NASDAQ:CMCOGet Free Report) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.700-1.900 for the period, compared to the consensus estimate of 1.680. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. JPMorgan Chase & Co. cut their price target on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Weiss Ratings downgraded shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. DA Davidson set a $20.00 target price on Columbus McKinnon in a research note on Thursday, February 12th. Finally, Zacks Research downgraded Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.50.

View Our Latest Report on CMCO

Columbus McKinnon Trading Down 9.2%

NASDAQ:CMCO opened at $14.08 on Friday. The company has a 50-day moving average price of $15.16 and a 200-day moving average price of $17.15. The stock has a market cap of $404.66 million, a price-to-earnings ratio of 67.05 and a beta of 1.38. The company has a current ratio of 1.83, a quick ratio of 0.99 and a debt-to-equity ratio of 0.43. Columbus McKinnon has a 12 month low of $13.01 and a 12 month high of $24.40.

Columbus McKinnon (NASDAQ:CMCOGet Free Report) last announced its quarterly earnings results on Thursday, June 4th. The industrial products company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.12). Columbus McKinnon had a net margin of 0.60% and a return on equity of 7.41%. The company had revenue of $437.83 million for the quarter, compared to analysts’ expectations of $419.57 million. During the same quarter in the prior year, the firm earned $0.60 EPS. Columbus McKinnon’s quarterly revenue was up 77.3% compared to the same quarter last year. Columbus McKinnon has set its FY 2027 guidance at 1.700-1.900 EPS. Equities analysts predict that Columbus McKinnon will post 1.89 EPS for the current year.

Columbus McKinnon Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 1st were given a $0.07 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 2.0%. Columbus McKinnon’s dividend payout ratio is currently 133.33%.

Columbus McKinnon News Summary

Here are the key news stories impacting Columbus McKinnon this week:

Institutional Trading of Columbus McKinnon

A number of hedge funds have recently modified their holdings of the business. Marshall Wace LLP raised its position in shares of Columbus McKinnon by 698.6% in the 3rd quarter. Marshall Wace LLP now owns 726,772 shares of the industrial products company’s stock worth $10,422,000 after purchasing an additional 635,770 shares during the last quarter. AQR Capital Management LLC increased its stake in Columbus McKinnon by 76.8% during the 4th quarter. AQR Capital Management LLC now owns 1,108,462 shares of the industrial products company’s stock valued at $19,121,000 after purchasing an additional 481,470 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Columbus McKinnon by 100.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 829,875 shares of the industrial products company’s stock worth $11,900,000 after buying an additional 415,275 shares during the last quarter. Millennium Management LLC raised its holdings in Columbus McKinnon by 80.3% in the third quarter. Millennium Management LLC now owns 850,951 shares of the industrial products company’s stock worth $12,203,000 after buying an additional 379,096 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Columbus McKinnon by 22.6% in the third quarter. Invesco Ltd. now owns 1,451,885 shares of the industrial products company’s stock worth $20,820,000 after buying an additional 267,585 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.

About Columbus McKinnon

(Get Free Report)

Columbus McKinnon Corporation is a global designer, manufacturer and marketer of material handling systems and solutions. The company’s product portfolio spans electric and manual hoists, motorized and manual chain and wire rope hoists, end-of-arm tooling, rigging hardware, trolleys and controls. Through its brands, Columbus McKinnon serves customers across a wide range of end markets including manufacturing, warehousing, construction, and energy, providing equipment for lifting, positioning and flow control applications.

With a focus on safety and productivity, Columbus McKinnon integrates advanced technologies such as automation controls, digital load monitoring and Internet-of-Things connectivity into its hoist and crane systems.

Further Reading

Receive News & Ratings for Columbus McKinnon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Columbus McKinnon and related companies with MarketBeat.com's FREE daily email newsletter.