Roth Capital Brokers Decrease Earnings Estimates for HY

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Analysts at Roth Capital decreased their Q4 2024 earnings estimates for shares of Hyster-Yale Materials Handling in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now forecasts that the industrial products company will post earnings of $1.40 per share for the quarter, down from their prior estimate of $1.50. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share.

Several other equities research analysts have also commented on HY. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm reduced their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Hyster-Yale Materials Handling currently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Hyster-Yale Materials Handling Trading Down 0.8 %

HY opened at $55.62 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average is $62.64 and its two-hundred day moving average is $66.77. The company has a market capitalization of $973.35 million, a P/E ratio of 5.56 and a beta of 1.32. Hyster-Yale Materials Handling has a 52 week low of $43.64 and a 52 week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly 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). The company 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 prior year, the business earned $2.06 EPS.

Institutional Trading of Hyster-Yale Materials Handling

Several institutional investors and hedge funds have recently bought and sold shares of HY. Quest Partners LLC grew its position in Hyster-Yale Materials Handling by 189.0% during the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,669 shares during the period. Victory Capital Management Inc. purchased a new position in Hyster-Yale Materials Handling during the third quarter valued at approximately $387,000. GSA Capital Partners LLP acquired a new position in Hyster-Yale Materials Handling in the third quarter valued at approximately $866,000. Covestor Ltd lifted its holdings in Hyster-Yale Materials Handling by 21,350.0% in the third quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 427 shares during the period. Finally, Principal Financial Group Inc. purchased a new stake in Hyster-Yale Materials Handling in the 3rd quarter worth approximately $582,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Dividend Announcement

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

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.