News headlines about Columbus McKinnon (NASDAQ:CMCO) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Columbus McKinnon earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 48.4573959652846 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Safety Equipment: Columbus McKinnon Publishes Five-Part Blog Series Promoting Utility Worker Safety (utilityproducts.com)
- $209.55 Million in Sales Expected for Columbus McKinnon Corp. (CMCO) This Quarter (americanbankingnews.com)
- Columbus McKinnon Corp. (CMCO) Expected to Announce Earnings of $0.50 Per Share (americanbankingnews.com)
- Columbus McKinnon Corp. (CMCO) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Columbus McKinnon (CMCO) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Shares of Columbus McKinnon (NASDAQ CMCO) opened at $35.21 on Friday. Columbus McKinnon has a 12-month low of $23.13 and a 12-month high of $44.55. The stock has a market cap of $804.60, a PE ratio of 95.16 and a beta of 1.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.06 and a current ratio of 1.81.
Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.13. Columbus McKinnon had a net margin of 1.10% and a return on equity of 11.87%. The firm had revenue of $208.73 million during the quarter, compared to analysts’ expectations of $201.08 million. During the same period last year, the business earned $0.25 earnings per share. Columbus McKinnon’s revenue was up 36.9% compared to the same quarter last year. analysts predict that Columbus McKinnon will post 2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date is Thursday, February 8th. Columbus McKinnon’s payout ratio is currently 43.24%.
A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Roth Capital increased their target price on shares of Columbus McKinnon from $36.00 to $41.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. BidaskClub upgraded shares of Columbus McKinnon from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Zacks Investment Research cut shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Seaport Global Securities restated a “buy” rating and set a $50.00 price objective on shares of Columbus McKinnon in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $46.33.
In other Columbus McKinnon news, VP Alan S. Korman sold 1,558 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $40.10, for a total transaction of $62,475.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark R. Paradowski sold 3,906 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $39.96, for a total transaction of $156,083.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,225 shares of company stock valued at $247,918. 3.91% of the stock is owned by company insiders.
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Columbus McKinnon Company Profile
Columbus McKinnon Corporation is a global designer, manufacturer and marketer of hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products serving various commercial and industrial end user markets. The Company’s products include various electric, air-powered, lever, and hand hoists, hoist trolleys, winches, industrial crane systems, such as steel bridge, gantry and jib cranes and aluminum work station cranes; alloy and carbon steel chain; forged attachments, such as hooks, shackles, textile slings, clamps, logging tools and load binders; mechanical and electromechanical actuators and rotary unions; below-the-hook special purpose lifters and tire shredders; power and motion control systems, such as alternate current (AC) and direct current (DC) drive systems, radio remote controls, push button pendant stations, brakes, and collision avoidance and power delivery subsystems.
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