Hyster-Yale Materials Handling (NYSE:HY) Announces Earnings Results

Hyster-Yale Materials Handling (NYSE:HY) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00), Zacks reports. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same period last year, the business earned $2.06 EPS.

Hyster-Yale Materials Handling Price Performance

NYSE HY traded down $0.47 on Thursday, reaching $55.62. The company had a trading volume of 90,506 shares, compared to its average volume of 92,552. The firm’s 50 day moving average price is $62.77 and its 200 day moving average price is $66.85. Hyster-Yale Materials Handling has a 12 month low of $43.64 and a 12 month high of $84.44. The stock has a market capitalization of $973.35 million, a PE ratio of 5.61 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, August 30th. This represents a $1.40 annualized dividend and a yield of 2.52%. Hyster-Yale Materials Handling’s payout ratio is 14.00%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HY. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday. Roth Mkm lowered their target price on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Northland Capmk lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and an average price target of $80.00.

About Hyster-Yale Materials Handling

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.