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

Columbus McKinnon (NASDAQ:CMCO) issued an update on its FY 2027 earnings guidance on Thursday morning. The company provided EPS guidance of 1.700-1.900 for the period, compared to the consensus EPS 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.

Columbus McKinnon Trading Down 2.0%

CMCO stock opened at $15.51 on Thursday. The company has a market capitalization of $445.76 million, a PE ratio of 73.86 and a beta of 1.38. Columbus McKinnon has a one year low of $13.31 and a one year high of $24.40. The company’s 50 day moving average price is $15.18 and its two-hundred day moving average price is $17.15. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.99 and a current ratio of 1.83.

Columbus McKinnon Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 1st were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Columbus McKinnon’s dividend payout ratio (DPR) is 133.33%.

Wall Street Analysts Forecast Growth

CMCO has been the topic of several research reports. Zacks Research downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 12th. DA Davidson set a $20.00 price target on shares of Columbus McKinnon in a research note on Thursday, February 12th. JPMorgan Chase & Co. decreased their price target on shares of Columbus McKinnon from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note 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. Finally, Wall Street Zen downgraded shares of Columbus McKinnon from a “strong-buy” rating to a “buy” rating in a research note on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Columbus McKinnon presently has an average rating of “Hold” and a consensus target price of $23.50.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its stake in shares of Columbus McKinnon by 0.4% in the fourth quarter. Invesco Ltd. now owns 1,457,095 shares of the industrial products company’s stock worth $25,135,000 after buying an additional 5,210 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Columbus McKinnon in the fourth quarter worth $273,000. Front Street Capital Management Inc. boosted its holdings in Columbus McKinnon by 2.4% in the fourth quarter. Front Street Capital Management Inc. now owns 213,785 shares of the industrial products company’s stock valued at $3,688,000 after acquiring an additional 4,918 shares in the last quarter. Mackenzie Financial Corp bought a new stake in Columbus McKinnon in the fourth quarter valued at $2,001,000. Finally, Empowered Funds LLC boosted its holdings in Columbus McKinnon by 156.2% in the fourth quarter. Empowered Funds LLC now owns 117,778 shares of the industrial products company’s stock valued at $2,032,000 after acquiring an additional 71,813 shares in the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

Columbus McKinnon Company Profile

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.