Hyster-Yale Materials Handling (HY) to Release Earnings on Tuesday

Hyster-Yale Materials Handling (NYSE:HY) will post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Hyster-Yale Materials Handling to post earnings of $1.97 per share for the quarter.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $2.21 EPS. On average, analysts expect Hyster-Yale Materials Handling to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Hyster-Yale Materials Handling Stock Up 1.1 %

Shares of Hyster-Yale Materials Handling stock traded up $0.68 during trading on Wednesday, reaching $65.03. 12,069 shares of the company traded hands, compared to its average volume of 90,944. The firm has a market capitalization of $1.14 billion, a PE ratio of 6.49 and a beta of 1.31. Hyster-Yale Materials Handling has a 1-year low of $38.50 and a 1-year high of $84.44. The company has a 50 day moving average price of $62.85 and a 200-day moving average price of $66.88. 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. Stockholders of record on Friday, August 30th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.15%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 14.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HY shares. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. StockNews.com upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Finally, Roth Mkm reissued a “buy” rating and set a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.00.

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.