Hyster-Yale Materials Handling (NYSE:HY) Posts Quarterly Earnings Results, Misses Estimates By $1.00 EPS

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

Hyster-Yale Materials Handling Trading Down 0.8 %

Shares of HY traded down $0.47 during midday trading 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 has a 50 day simple moving average of $62.77 and a 200-day simple moving average of $66.85. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock has a market cap of $973.35 million, a PE ratio of 5.61 and a beta of 1.32. Hyster-Yale Materials Handling has a 1-year low of $43.64 and a 1-year high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on HY shares. StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday. Roth Mkm decreased their price objective on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and a consensus 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.