NEW YORK (
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
Highlights from the ratings report include:
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Machinery industry. The net income increased by 121.5% when compared to the same quarter one year prior, rising from -$39.64 million to $8.52 million.
- CMCO's revenue growth trails the industry average of 27.9%. Since the same quarter one year prior, revenues rose by 10.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Net operating cash flow has significantly increased by 198.76% to $9.05 million when compared to the same quarter last year. In addition, COLUMBUS MCKINNON CORP has also vastly surpassed the industry average cash flow growth rate of -25.48%.
- COLUMBUS MCKINNON CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, COLUMBUS MCKINNON CORP reported poor results of -$1.92 versus -$0.40 in the prior year. This year, the market expects an improvement in earnings ($1.24 versus -$1.92).
Columbus McKinnon Corporation designs, manufactures, and markets material handling products for commercial and industrial end-user markets in the United States, Europe, Canada, and internationally. The company has a P/E ratio of 16.9, below the S&P 500 P/E ratio of 17.7. Columbus McKinnon has a market cap of $273.1 million and is part of the
industry. Shares are up 35.6% year to date as of the close of trading on Tuesday.
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-- Written by a member of TheStreet RatingsStaff