Hyster-Yale Materials Handling (NYSE:HY) Issues Quarterly Earnings Results

Hyster-Yale Materials Handling (NYSE:HY) issued its quarterly earnings results on Tuesday. The industrial products company reported $3.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.28 by $1.30, Zacks reports. Hyster-Yale Materials Handling had a return on equity of 42.94% and a net margin of 3.61%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the firm earned $2.21 earnings per share.

Hyster-Yale Materials Handling Stock Down 0.7 %

Shares of NYSE HY traded down $0.40 during midday trading on Friday, hitting $60.10. 95,534 shares of the stock traded hands, compared to its average volume of 100,797. The company has a market cap of $1.05 billion, a PE ratio of 6.90 and a beta of 1.35. Hyster-Yale Materials Handling has a one year low of $38.50 and a one year high of $84.44. The business has a 50 day moving average price of $71.71 and a two-hundred day moving average price of $67.61. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 1.25.

Analyst Ratings Changes

HY has been the topic of several recent analyst reports. Roth Mkm reissued a “buy” rating and issued a $84.00 price target (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday. Northland Capmk lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Northland Securities raised Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Wednesday, June 5th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, 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.