Hyster-Yale Materials Handling (HY) to Release Quarterly Earnings on Tuesday

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, February 25th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $1.02 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Hyster-Yale Materials Handling Stock Down 2.7 %

HY stock traded down $1.45 during trading on Friday, reaching $52.00. The stock had a trading volume of 58,220 shares, compared to its average volume of 65,315. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average price of $52.16 and a 200 day moving average price of $57.53. The company has a market capitalization of $910.33 million, a P/E ratio of 5.84 and a beta of 1.26. Hyster-Yale Materials Handling has a 1-year low of $48.73 and a 1-year high of $84.44.

Hyster-Yale Materials Handling announced that its Board of Directors has authorized a share repurchase plan on Monday, November 18th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Friday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 15.71%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com lowered Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Wednesday, November 6th. Roth Mkm cut their price target on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock 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.