Hyster-Yale Materials Handling (NYSE:HY) Issues Quarterly Earnings Results, Misses Estimates By $1.00 EPS

Hyster-Yale Materials Handling (NYSE:HY) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($1.00), Zacks reports. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the firm earned $2.06 earnings per share.

Hyster-Yale Materials Handling Trading Down 0.8 %

Shares of NYSE:HY traded down $0.47 during trading on Thursday, reaching $55.62. 90,506 shares of the company were exchanged, compared to its average volume of 92,552. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. The firm has a market capitalization of $973.35 million, a PE ratio of 5.61 and a beta of 1.32. The business’s fifty day simple moving average is $62.77 and its 200-day simple moving average is $66.85. Hyster-Yale Materials Handling has a 12-month low of $43.64 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 2.52%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 14.00%.

Wall Street Analysts Forecast Growth

HY has been the topic of several analyst reports. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday. Roth Mkm cut 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 lowered 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 given a buy rating to the stock. Based on data from MarketBeat, Hyster-Yale Materials Handling 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.