Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) released its earnings results on Tuesday. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.09, Zacks reports. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.02 billion.
Hyster-Yale Materials Handling Trading Down 5.8 %
Shares of NYSE:HY traded down $3.14 during mid-day trading on Friday, reaching $50.65. The stock had a trading volume of 149,242 shares, compared to its average volume of 71,404. The firm has a market cap of $886.83 million, a PE ratio of 5.68 and a beta of 1.26. The firm has a 50 day simple moving average of $52.16 and a two-hundred day simple moving average of $57.08. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling has a twelve month low of $48.73 and a twelve month high of $84.44.
Hyster-Yale Materials Handling Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.76%. Hyster-Yale Materials Handling's dividend payout ratio is 17.37%.
Hyster-Yale Materials Handling announced that its Board of Directors has authorized a share repurchase plan on Monday, November 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades
HY has been the topic of a number of research reports. StockNews.com upgraded shares of Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a research report on Thursday. Roth Mkm cut 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 report on Wednesday, November 6th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hyster-Yale Materials Handling presently has an average rating of "Moderate Buy" and an average target price of $80.00.
Read Our Latest Stock Analysis on HY
About Hyster-Yale Materials Handling
(
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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.
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