Headlines about Columbus McKinnon (NASDAQ:CMCO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Columbus McKinnon earned a news impact score of 0.07 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 47.7376673218086 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

CMCO has been the topic of several recent research reports. Zacks Investment Research downgraded Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Monday, June 4th. ValuEngine upgraded Columbus McKinnon from a “hold” rating to a “buy” rating in a research report on Tuesday, September 4th. BidaskClub downgraded Columbus McKinnon from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Finally, TheStreet upgraded Columbus McKinnon from a “c+” rating to a “b” rating in a research report on Wednesday, May 30th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.75.

Shares of Columbus McKinnon stock traded up $0.07 during trading on Friday, reaching $42.30. 61,569 shares of the stock were exchanged, compared to its average volume of 98,713. The company has a current ratio of 1.84, a quick ratio of 1.04 and a debt-to-equity ratio of 0.72. The firm has a market cap of $978.36 million, a P/E ratio of 19.11 and a beta of 1.87. Columbus McKinnon has a 1 year low of $32.65 and a 1 year high of $45.85.

Columbus McKinnon (NASDAQ:CMCO) last posted its earnings results on Tuesday, July 31st. The industrial products company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.14. Columbus McKinnon had a net margin of 2.10% and a return on equity of 13.04%. The company had revenue of $224.99 million during the quarter, compared to analyst estimates of $219.22 million. During the same period in the prior year, the business posted $0.55 earnings per share. Columbus McKinnon’s revenue for the quarter was up 10.4% on a year-over-year basis. research analysts forecast that Columbus McKinnon will post 2.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 20th. Stockholders of record on Friday, August 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 9th. This represents a $0.20 annualized dividend and a dividend yield of 0.47%. Columbus McKinnon’s payout ratio is 9.95%.

About Columbus McKinnon

Columbus McKinnon Corporation designs, manufactures, and markets hoists, actuators, cranes, rigging tools, digital power control systems, and other material handling products for commercial and industrial applications worldwide. It offers various electric chain hoists, electric wire rope hoists, hand-operated hoists, winches, lever tools, and air-powered hoists under the Budgit, Chester, CM, Coffing, Little Mule, Pfaff, Shaw-Box, Yale, STAHL, and other brands; below-the-hook tooling, clamps, and textile strappings; and explosion-protected hoists, as well as supplies hoist trolleys.

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