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

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) will be announcing its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last announced its earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period last year, the firm earned $2.21 earnings per share. On average, analysts expect Hyster-Yale Materials Handling to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Hyster-Yale Materials Handling Stock Performance

Shares of HY traded up $0.02 during mid-day trading on Wednesday, hitting $64.37. 48,637 shares of the company's stock were exchanged, compared to its average volume of 91,118. The stock's 50-day simple moving average is $62.85 and its 200-day simple moving average is $66.88. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 6.50 and a beta of 1.31. 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 has a 52 week low of $38.50 and a 52 week high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.17%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is 14.00%.

Analyst Ratings Changes

A number of equities analysts have recently commented on HY shares. Roth Mkm reiterated a "buy" rating and set a $84.00 price target (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, August 8th. 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. Finally, StockNews.com upgraded shares of Hyster-Yale Materials Handling from a "hold" rating to a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.

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.