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

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

Hyster-Yale Materials Handling Trading Down 0.8 %

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

Hyster-Yale Materials Handling Announces Dividend

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

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Roth Mkm cut their price target on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.