Wall Street brokerages expect that Columbus McKinnon Co. (NASDAQ:CMCO) will announce earnings per share of $0.76 for the current quarter, Zacks reports. Two analysts have issued estimates for Columbus McKinnon’s earnings, with the highest EPS estimate coming in at $0.81 and the lowest estimate coming in at $0.71. Columbus McKinnon posted earnings per share of $0.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 123.5%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, October 28th.
According to Zacks, analysts expect that Columbus McKinnon will report full-year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.82 to $3.18. For the next fiscal year, analysts anticipate that the company will post earnings of $3.85 per share, with EPS estimates ranging from $3.70 to $4.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Columbus McKinnon.
Columbus McKinnon (NASDAQ:CMCO) last issued its quarterly earnings results on Wednesday, July 28th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.28. The firm had revenue of $213.46 million during the quarter, compared to analyst estimates of $214.10 million. Columbus McKinnon had a return on equity of 8.09% and a net margin of 0.66%.
A number of equities analysts have issued reports on the company. TheStreet lowered Columbus McKinnon from a “b-” rating to a “c+” rating in a research note on Monday, August 9th. Zacks Investment Research upgraded Columbus McKinnon from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, July 28th. Finally, Colliers Securities reiterated a “buy” rating on shares of Columbus McKinnon in a research report on Friday, July 30th. Five…
