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

Columbus McKinnon (NASDAQ:CMCO) 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.

Columbus McKinnon Trading Down 2.0%

NASDAQ CMCO opened at $15.51 on Thursday. The company has a market cap of $445.76 million, a price-to-earnings ratio of 73.86 and a beta of 1.38. Columbus McKinnon has a twelve month low of $13.31 and a twelve month high of $24.40. The company has a quick ratio of 0.99, a current ratio of 1.83 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average is $15.18 and its 200 day moving average is $17.15.

Columbus McKinnon Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Columbus McKinnon

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its stake in shares of Columbus McKinnon by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,885 shares of the industrial products company’s stock valued at $166,000 after acquiring an additional 852 shares in the last quarter. Royal Bank of Canada boosted its stake in Columbus McKinnon by 41.4% during the fourth quarter. Royal Bank of Canada now owns 3,136 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 918 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in Columbus McKinnon by 66.7% in the third quarter. Wilmington Savings Fund Society FSB now owns 2,500 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 1,000 shares during the period. Group One Trading LLC grew its holdings in Columbus McKinnon by 266.7% in the third quarter. Group One Trading LLC now owns 2,200 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 1,600 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Columbus McKinnon by 267.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,600 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 1,893 shares in the last quarter. 95.96% of the stock is owned by institutional investors and hedge funds.

About Columbus McKinnon

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.