* Columbus McKinnon Corp reported quarterly adjusted earnings of 62 cents per share for the quarter ended in June, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 59 cents to 62 cents per share.
* Revenue rose 1.8% to $239.73 million from a year ago; analysts expected $241.25 million.
* Columbus McKinnon Corp's reported EPS for the quarter was 30 cents.
* The company reported quarterly net income of $8.63 million.
* Columbus McKinnon Corp shares had risen by 13.7% this quarter and gained 0.6% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 10.3% 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 5 "strong buy" or "buy," no "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 $49.50 This summary was machine generated from LSEG data July 31 at 01:31 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Jun. 30 2024 0.61 0.62 Beat
Mar. 31 2024 0.84 0.75 Missed
Dec. 31 2023 0.68 0.74 Beat
Sep. 30 2023 0.70 0.76 Beat
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