Roth Capital Issues Pessimistic Forecast for HY Earnings

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Research analysts at Roth Capital cut their FY2024 EPS estimates for shares of Hyster-Yale Materials Handling in a note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now anticipates that the industrial products company will post earnings per share of $8.87 for the year, down from their prior forecast of $9.91. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling’s Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $1.94 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $5.32 EPS.

Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00). Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business earned $2.06 EPS.

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

Hyster-Yale Materials Handling Price Performance

Shares of Hyster-Yale Materials Handling stock opened at $55.62 on Friday. The firm has a market cap of $973.35 million, a P/E ratio of 5.56 and a beta of 1.32. Hyster-Yale Materials Handling has a twelve month low of $43.64 and a twelve month high of $84.44. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.31. The firm’s 50-day simple moving average is $62.64 and its 200-day simple moving average is $66.77.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 298.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock valued at $8,479,000 after purchasing an additional 98,996 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 149.8% in the second quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock valued at $10,546,000 after purchasing an additional 90,696 shares during the last quarter. Swedbank AB purchased a new stake in shares of Hyster-Yale Materials Handling in the first quarter valued at about $5,519,000. Acadian Asset Management LLC raised its holdings in shares of Hyster-Yale Materials Handling by 63.7% in the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock valued at $15,390,000 after purchasing an additional 85,906 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in Hyster-Yale Materials Handling during the second quarter valued at about $5,046,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.35 dividend. 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%.

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.