Roth Capital Issues Pessimistic Estimate for HY Earnings

Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) - Stock analysts at Roth Capital dropped their Q4 2024 earnings estimates for shares of Hyster-Yale Materials Handling in a research report issued on Wednesday, November 6th. Roth Capital analyst C. Moore now anticipates that the industrial products company will earn $1.40 per share for the quarter, down from their previous forecast of $1.50. The consensus estimate for Hyster-Yale Materials Handling's current full-year earnings is $9.69 per share.

Other analysts have also recently issued research reports about the company. StockNews.com cut Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Wednesday. Roth Mkm reduced their target price on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a "buy" rating for the company in a report on Wednesday. Finally, 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. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $80.00.

Hyster-Yale Materials Handling Stock Performance

Hyster-Yale Materials Handling stock traded down $0.47 during 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 market capitalization of $973.35 million, a price-to-earnings ratio of 5.56 and a beta of 1.32. 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 $62.64 and its 200 day simple moving average is $66.77. Hyster-Yale Materials Handling has a 52 week low of $43.64 and a 52 week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($1.00). 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 the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business posted $2.06 earnings per share.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Several institutional investors have recently bought and sold shares of HY. EntryPoint Capital LLC bought a new position in shares of Hyster-Yale Materials Handling during the 1st quarter valued at about $27,000. Covestor Ltd lifted its position in Hyster-Yale Materials Handling by 21,350.0% during the third quarter. Covestor Ltd now owns 429 shares of the industrial products company's stock valued at $27,000 after purchasing an additional 427 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 6,692.3% in the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company's stock valued at $62,000 after acquiring an additional 870 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Hyster-Yale Materials Handling in the 2nd quarter worth approximately $67,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Hyster-Yale Materials Handling by 67.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company's stock worth $83,000 after buying an additional 548 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 annualized dividend and a yield of 2.52%. Hyster-Yale Materials Handling's payout ratio is 14.00%.

Hyster-Yale Materials Handling Company Profile

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.