Roth Capital Issues Pessimistic Forecast for HY Earnings

Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) - Investment analysts at Roth Capital decreased their FY2024 earnings estimates for Hyster-Yale Materials Handling in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now expects that the industrial products company will post earnings per share of $8.87 for the year, down from their prior estimate of $9.91. The consensus estimate for Hyster-Yale Materials Handling's current full-year earnings is $9.69 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling's Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $1.94 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $5.32 EPS.

Other equities 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 note on Wednesday. Roth Mkm lowered their price objective 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. Finally, Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research 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 stock. According to MarketBeat.com, Hyster-Yale Materials Handling presently has a consensus rating of "Moderate Buy" and a consensus price target of $80.00.

Hyster-Yale Materials Handling Stock Down 3.8 %

Shares of HY traded down $2.13 during mid-day trading on Friday, reaching $53.49. The company's stock had a trading volume of 92,366 shares, compared to its average volume of 92,551. The business has a fifty day moving average of $62.64 and a 200 day moving average of $66.77. The company has a market cap of $936.08 million, a price-to-earnings ratio of 5.56 and a beta of 1.32. 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 1 year low of $43.98 and a 1 year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($1.00). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same quarter in the previous year, the firm posted $2.06 EPS.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC acquired a new position in Hyster-Yale Materials Handling during the third quarter worth $1,910,000. PNC Financial Services Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 9.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 23,289 shares of the industrial products company's stock valued at $1,485,000 after acquiring an additional 1,914 shares during the last quarter. Quest Partners LLC raised its stake in shares of Hyster-Yale Materials Handling by 189.0% in the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company's stock valued at $163,000 after acquiring an additional 1,669 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in Hyster-Yale Materials Handling in the 3rd quarter worth approximately $387,000. Finally, GSA Capital Partners LLP bought a new stake in Hyster-Yale Materials Handling during the third quarter worth approximately $866,000. Institutional investors own 46.47% of the company's stock.

Hyster-Yale Materials Handling Announces Dividend

The company also recently declared 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 of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. 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.