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 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00), Zacks reports. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same period in the previous year, the business earned $2.06 EPS.

Hyster-Yale Materials Handling Stock Performance

Hyster-Yale Materials Handling stock traded down $0.47 during mid-day trading on Thursday, reaching $55.62. 90,506 shares of the stock traded hands, compared to its average volume of 92,552. The stock has a market capitalization of $973.35 million, a PE ratio of 5.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. The business’s 50-day moving average is $62.77 and its 200-day moving average is $66.85. Hyster-Yale Materials Handling has a 12-month low of $43.64 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.52%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 14.00%.

Wall Street Analysts Forecast Growth

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