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

Hyster-Yale Materials Handling (NYSE:HY) released 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. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm posted $2.06 EPS.

Hyster-Yale Materials Handling Stock Performance

NYSE:HY traded down $0.47 during trading hours on Thursday, reaching $55.62. The company had a trading volume of 90,506 shares, compared to its average volume of 92,552. The firm 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 1-year low of $43.64 and a 1-year high of $84.44. The business’s 50 day moving average price is $62.77 and its 200-day moving average price is $66.85. 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 announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend 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 (DPR) is 14.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HY shares. Roth Mkm reduced 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. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Hyster-Yale Materials Handling Company Profile

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.