Columbus McKinnon Corp (NASDAQ: CMCO) has reported E.P.S. of $0.41 for its fourth fiscal quarter (ending March 31) versus $0.49 for the same period a year ago. E.P.S. were $1.62 for the latest four quarters through March 31 versus $1.69 for the same period a year ago.
Recent Price Action
On 5/29/24, Columbus McKinnon Corp (NASDAQ: CMCO) stock suffered a large decline of -7.5%, closing at $40.65. Moreover, trading volume in this decline was exceptionally high at 285% of normal. Relative to the market the stock has been strong over the last nine months but has declined -11.2% during the last week.
Current PriceTarget Research Rating
CMCO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Columbus McKinnon has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Columbus McKinnon has a neutral Appreciation Score of 58 but a good Power Rating of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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