Hyster-Yale Materials Handling (NYSE:HY – Get Free Report) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Hyster-Yale Materials Handling to post earnings of $2.28 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.
Hyster-Yale Materials Handling (NYSE:HY – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.79. Hyster-Yale Materials Handling had a return on equity of 42.94% and a net margin of 3.61%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. On average, analysts expect Hyster-Yale Materials Handling to post $8 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Hyster-Yale Materials Handling Price Performance
Shares of HY stock traded down $0.01 on Tuesday, hitting $80.07. 24,845 shares of the company’s stock were exchanged, compared to its average volume of 98,680. The company has a 50 day moving average of $72.21 and a 200 day moving average of $67.21. The stock has a market cap of $1.40 billion, a P/E ratio of 9.25 and a beta of 1.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.25 and a quick ratio of 0.56. Hyster-Yale Materials Handling has a 12 month low of $38.50 and a 12 month high of $81.78.
Hyster-Yale Materials Handling Increases Dividend
Analyst Ratings Changes
A number of research firms recently issued reports on HY. Northland Capmk upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 5th. Roth Mkm reiterated a “buy” rating and set a $87.00 price target on shares of Hyster-Yale Materials Handling in a report on Friday, June 7th. Finally, Northland Securities upgraded Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Wednesday, June 5th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $88.50.
Check Out Our Latest Report on Hyster-Yale Materials Handling
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, 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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