Research Analysts Offer Predictions for HY FY2029 Earnings

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Equities researchers at Northland Capmk issued their FY2029 earnings per share (EPS) estimates for shares of Hyster-Yale Materials Handling in a research report issued to clients and investors on Friday, February 28th. Northland Capmk analyst E. Jackson forecasts that the industrial products company will post earnings per share of $4.99 for the year. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $8.85 per share.

Other research analysts also recently issued reports about the company. StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Roth Mkm cut their price objective on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th.

Hyster-Yale Materials Handling Stock Down 0.4 %

HY opened at $44.23 on Monday. The business has a 50-day moving average of $51.92 and a 200-day moving average of $56.82. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. Hyster-Yale Materials Handling has a fifty-two week low of $42.59 and a fifty-two week high of $84.44. The company has a market capitalization of $774.34 million, a PE ratio of 4.96 and a beta of 1.26.

Institutional Trading of Hyster-Yale Materials Handling

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Scotia Capital Inc. grew its holdings in Hyster-Yale Materials Handling by 0.7% in the 4th quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company’s stock valued at $1,623,000 after buying an additional 223 shares during the last quarter. Isthmus Partners LLC grew its holdings in Hyster-Yale Materials Handling by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company’s stock valued at $2,403,000 after buying an additional 238 shares during the last quarter. US Bancorp DE grew its holdings in Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after buying an additional 389 shares during the last quarter. Covestor Ltd grew its holdings in Hyster-Yale Materials Handling by 21,350.0% in the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after buying an additional 427 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in Hyster-Yale Materials Handling by 17.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling announced that its Board of Directors has authorized a stock buyback program on Monday, November 18th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its shares are undervalued.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date is Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 17.37%.

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.