Columbus McKinnon Corp (NASDAQ: CMCO) has reported E.P.S. of $0.30 for its first fiscal quarter (ending June 30) versus $0.32 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $1.60 versus $1.72 for the same period a year ago.
Recent Price Action
On 7/31/24, Columbus McKinnon Corp (NASDAQ: CMCO) stock declined by -2.8%, closing at $38.16. Moreover, unusually high trading volume at 189% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and is unchanged 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 C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Columbus McKinnon has a good Appreciation Score of 73 but a neutral Power Rating of 43, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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