Columbus Mckinnon Corp. (CMCO)’s Latest Performance is Not What We Had Anticipated
Columbus Mckinnon Corp. (NASDAQ: CMCO) began trading on December 22, 2023, at $39.28, a 1.62% increase from the previous day. Throughout the day, the stock reached a high of $39.72 and a low of $39.00 before settling at a closing price of $38.95. Over the past 52 weeks, CMCO has traded between $30.05 and $42.87.
In the Industrials sector, one company experienced a 3.97% increase in sales annually over the last five years. However, their average annual earnings per share was recorded at -0.26%. With a float of $28.01 million, this company now has outstanding shares totaling $28.61 million.
Efficiency is a crucial factor to consider in an organization with 3,392 employees. CMCO boasts a gross margin of +34.09, an operating margin of +10.78, and a pretax margin of +7.95, indicating favorable profitability.
Now, let’s examine the involvement of large-scale investors in CMCO, a company in the Farm & Heavy Construction Machinery Industry. Insider ownership stands at 2.52%, while institutional ownership is at a significant 96.26%.
In its latest quarterly report, made public on 9/29/2023, CMCO reported earnings per share (EPS) of $0.76, surpassing the consensus estimate of $0.70 by $0.06. The company achieved a net margin of +5.17 and generated a return on equity of 6.03. Market experts on Wall Street predict earnings of $0.87 per share in the next fiscal year.
Looking ahead, analysts forecast that the stock’s earnings per share for the next fiscal year will be around -0.26%. Additionally, there is an expectation of 23.00% EPS growth for CMCO over the next five years, compared to 12.19% growth in the previous five years.
Examining CMCO’s current performance indicators, we find that it has a quick ratio of 1.16 and a price-to-sales ratio of 1.16 for the trailing twelve months. Furthermore, its price-to-free cash flow ratio for the same period is 19.15.
For the trailing twelve months, CMCO’s diluted earnings per share (EPS) is 1.77. However, projections indicate a decrease to 0.68 in the next quarter, followed by an anticipated increase to 3.38 one year from now.
In terms of trading volume, CMCO reported 0.13 million shares traded in the last 5 days, showing an improvement compared to the 96,102 shares traded in the year-ago period. The stock’s Stochastic %D over the previous 9 days was 78.24%, and its Average True Range was 0.99.
Over the past 100 days, CMCO’s raw stochastic average reached 96.67%, signifying a significant increase from 95.64% in the past two weeks. When considering volatility, the stock displayed a historical volatility of 30.53% over the past 14 days, higher than the 26.98% volatility measured over the past 100 days.
Currently, CMCO’s 50-day Moving Average is $34.77, while the 200-day Moving Average is $36.61. In the short term, the stock’s first resistance level to watch is $39.87, followed by a second resistance level at $40.15. The third major resistance level is set at $40.59. Conversely, if the price breaks the first support level at $39.15, it may move down to the next support level at $38.71. Should the second support level be breached, the third support level lies at $38.43.
With a market capitalization of $1.14 billion, CMCO has 28,738K shares outstanding. The company’s annual sales currently amount to $936,240K, while its annual income stands at $48,430K. In the last quarter, CMCO reported sales of $258,400K and an income of $15,810K.
In conclusion, Columbus Mckinnon Corp. (CMCO) has shown a mixed performance in its latest trading session. While analysts predict a decline in earnings per share for the next fiscal year, long-term projections suggest growth. Investors should closely monitor CMCO’s key performance indicators to gauge its future prospects in the market.
*Note: The information provided herein should not be considered as investment advice; it is solely for informational purposes. Investors are advised to conduct thorough research and analysis before making any investment decisions.
