Columbus McKinnon Corp reports results for the quarter ended June 30 - Earnings Summary

• Columbus McKinnon Corp CMCO.OQ reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 62 cents. The mean expectation of four analysts for the quarter was for earnings of 47 cents per share. Wall Street expected results to range from 44 cents to 50 cents per share.

• Revenue fell 1.6% to $235.92 million from a year ago; analysts expected $230.87 million.

• Columbus McKinnon Corp's reported EPS for the quarter was a loss of 7 cents​.

• The company reported a quarterly loss of $1.9 million.

• Columbus McKinnon Corp shares had risen by 10.4% this quarter and lost 54.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the heavy machinery & vehicles peer group is also "buy"

• Wall Street's median 12-month price target for Columbus McKinnon Corp is $33.00, about 48.9% above its last closing price of $16.86

This summary was machine generated from LSEG data July 30 at 01:30 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)