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

Hyster-Yale Materials Handling (NYSE:HY) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00), Zacks reports. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned $2.06 EPS.

Hyster-Yale Materials Handling Trading Down 0.8 %

NYSE:HY traded down $0.47 on Thursday, reaching $55.62. The stock had a trading volume of 90,506 shares, compared to its average volume of 92,552. Hyster-Yale Materials Handling has a 12-month low of $43.64 and a 12-month high of $84.44. The company has a market cap of $973.35 million, a price-to-earnings ratio of 5.56 and a beta of 1.32. The firm’s fifty day moving average is $62.64 and its two-hundred day moving average is $66.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 14.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HY shares. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm decreased 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, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, 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.