Hyster-Yale Materials Handling (NYSE:HY) Announces Quarterly Earnings Results

Hyster-Yale Materials Handling (NYSE:HY) posted its earnings results 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 firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same period last year, the company posted $2.06 EPS.

Hyster-Yale Materials Handling Stock Performance

Shares of HY traded down $0.47 during mid-day trading on Thursday, hitting $55.62. The stock had a trading volume of 90,506 shares, compared to its average volume of 92,399. The company has a market cap of $973.35 million, a PE ratio of 5.61 and a beta of 1.32. Hyster-Yale Materials Handling has a fifty-two week low of $43.64 and a fifty-two week high of $84.44. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The company’s fifty day simple moving average is $62.77 and its two-hundred day simple moving average is $66.85.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend 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 (DPR) is presently 14.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Roth Mkm lowered their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.