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

Columbus McKinnon (NASDAQ:CMCO) updated its FY 2027 earnings guidance on Thursday. The company provided earnings per share guidance of 1.900-2.100 for the period, compared to the consensus earnings per share estimate of 1.760. The company issued revenue guidance of $2.1 billion-$2.2 billion, compared to the consensus revenue estimate of $2.1 billion.

Columbus McKinnon Stock Up 41.5%

NASDAQ:CMCO traded up $6.06 on Thursday, hitting $20.68. The stock had a trading volume of 2,397,219 shares, compared to its average volume of 514,447. The business’s fifty day moving average is $14.45 and its 200 day moving average is $16.37. The company has a market cap of $596.20 million, a PE ratio of -3.77 and a beta of 1.39. The company has a quick ratio of 0.98, a current ratio of 2.02 and a debt-to-equity ratio of 3.38. Columbus McKinnon has a 52 week low of $11.99 and a 52 week high of $24.40.

Columbus McKinnon (NASDAQ:CMCO) last released its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.28 by $0.33. Columbus McKinnon had a positive return on equity of 7.09% and a negative net margin of 19.23%.The business’s quarterly revenue was up 125.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.50 earnings per share. Columbus McKinnon has set its FY 2027 guidance at 1.900-2.100 EPS. On average, equities research analysts expect that Columbus McKinnon will post 1.73 EPS for the current fiscal year.

Columbus McKinnon Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be given a $0.07 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.28 annualized dividend and a yield of 1.4%. Columbus McKinnon’s dividend payout ratio (DPR) is presently -5.11%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Weiss Ratings lowered shares of Columbus McKinnon from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, May 29th. Zacks Research lowered shares of Columbus McKinnon from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 9th. DA Davidson reduced their price objective on shares of Columbus McKinnon from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Columbus McKinnon from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Columbus McKinnon currently has an average rating of “Hold” and a consensus price target of $22.00.

Key Columbus McKinnon News

Here are the key news stories impacting Columbus McKinnon this week:

• Positive Sentiment: Adjusted earnings significantly exceeded expectations. Fiscal Q1 adjusted EPS was $0.61, versus the $0.28 consensus estimate and $0.50 a year earlier. Columbus McKinnon Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Acquisition-driven growth was substantial. Revenue rose 125% year over year to $531.5 million, primarily reflecting the Kito Crosby acquisition, with growth also reported in Columbus McKinnon’s legacy business. Columbus McKinnon Reports Record Orders and Sales
• Positive Sentiment: Orders point to continued demand. Orders increased 120% to $568.1 million, producing a 1.1x book-to-bill ratio and supporting management’s expectation for stronger activity in the second half of fiscal 2027.
• Positive Sentiment: Full-year guidance was raised. CMCO now expects fiscal 2027 revenue of approximately $2.09 billion to $2.15 billion and EPS of $1.90 to $2.10, above the roughly $1.76 analyst EPS consensus. The company also cited improving margins, higher cash flow and ongoing acquisition synergies.
• Neutral Sentiment: Reported results include significant acquisition costs. Despite the adjusted profit, CMCO posted a GAAP net loss of $88.7 million, or $2.05 per diluted share, including $70.3 million in acquisition and integration expenses. Investors may continue to monitor whether the Kito Crosby transaction delivers the promised benefits.
• Negative Sentiment: Recent insider activity was limited to sales. Company insiders reportedly made two open-market sales totaling 5,185 shares over the past six months, with no purchases, a modest negative signal but not central to the earnings-driven move.

Hedge Funds Weigh In On Columbus McKinnon

A number of hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its holdings in shares of Columbus McKinnon by 698.6% in the third quarter. Marshall Wace LLP now owns 726,772 shares of the industrial products company’s stock valued at $10,422,000 after purchasing an additional 635,770 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Columbus McKinnon by 76.8% during the fourth quarter. AQR Capital Management LLC now owns 1,108,462 shares of the industrial products company’s stock worth $19,121,000 after purchasing an additional 481,470 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Columbus McKinnon by 100.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 829,875 shares of the industrial products company’s stock worth $11,900,000 after purchasing an additional 415,275 shares in the last quarter. Millennium Management LLC grew its position in Columbus McKinnon by 80.3% in the 3rd quarter. Millennium Management LLC now owns 850,951 shares of the industrial products company’s stock worth $12,203,000 after purchasing an additional 379,096 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Columbus McKinnon by 22.6% in the 3rd quarter. Invesco Ltd. now owns 1,451,885 shares of the industrial products company’s stock valued at $20,820,000 after buying an additional 267,585 shares during the last quarter. 95.96% of the stock is owned by hedge funds and other institutional investors.

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.