News headlines about Columbus McKinnon Corporation (NASDAQ:CMCO) have trended somewhat positive on Friday, Accern Sentiment reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Columbus McKinnon Corporation earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 46.2826750735297 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s analysis:
Columbus McKinnon Corporation (NASDAQ CMCO) traded down 0.97% during mid-day trading on Friday, hitting $36.78. 3,540 shares of the stock were exchanged. The stock has a 50 day moving average price of $36.03 and a 200 day moving average price of $29.53. Columbus McKinnon Corporation has a 1-year low of $16.86 and a 1-year high of $38.64. The company has a market capitalization of $832.15 million, a PE ratio of 55.73 and a beta of 1.90.
Columbus McKinnon Corporation (NASDAQ:CMCO) last issued its quarterly earnings results on Tuesday, August 1st. The industrial products company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.23. The business had revenue of $203.70 million during the quarter, compared to analysts’ expectations of $190.62 million. Columbus McKinnon Corporation had a return on equity of 10.30% and a net margin of 2.06%. The business’s quarterly revenue was up 36.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, equities analysts anticipate that Columbus McKinnon Corporation will post $1.90 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 20th. Stockholders of record on Friday, November 10th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, November 9th. Columbus McKinnon Corporation’s dividend payout ratio (DPR) is 25.00%.
CMCO has been the subject of several research reports. Roth Capital initiated coverage on shares of Columbus McKinnon Corporation in a research report on Friday, July 28th. They issued a “buy” rating and a $33.00 price objective for the company. TheStreet upgraded shares of Columbus McKinnon Corporation from a “c” rating to a “b” rating in a research report on Tuesday, August 1st. ValuEngine lowered shares of Columbus McKinnon Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub raised shares of Columbus McKinnon Corporation from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research lowered shares of Columbus McKinnon Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $34.50.
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In other news, VP Alan S. Korman sold 4,253 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $32.17, for a total value of $136,819.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy T. Tevens sold 45,172 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $32.76, for a total value of $1,479,834.72. Following the transaction, the director now directly owns 293,536 shares of the company’s stock, valued at $9,616,239.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,932 shares of company stock valued at $5,416,512. Corporate insiders own 3.91% of the company’s stock.
Columbus McKinnon Corporation Company Profile
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