Northland Securities Estimates Hyster-Yale FY2030 Earnings

Hyster-Yale, Inc. (NYSE:HY) – Investment analysts at Northland Securities issued their FY2030 earnings per share estimates for Hyster-Yale in a report released on Thursday, March 5th. Northland Securities analyst E. Jackson expects that the industrial products company will post earnings of $7.07 per share for the year. Northland Securities has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Hyster-Yale’s current full-year earnings is $8.85 per share.

Hyster-Yale (NYSE:HY) last released its earnings results on Tuesday, March 3rd. The industrial products company reported ($2.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.20) by ($0.86). Hyster-Yale had a negative return on equity of 6.12% and a negative net margin of 1.59%.The firm had revenue of $923.20 million during the quarter, compared to analyst estimates of $916.43 million.

Several other research analysts have also recently weighed in on the company. Weiss Ratings cut Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Wall Street Zen cut shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.00.

Hyster-Yale Stock Down 11.7%

HY opened at $33.46 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 1.34. The company has a market capitalization of $593.38 million, a PE ratio of -9.84 and a beta of 1.54. The stock’s fifty day moving average is $34.97 and its 200-day moving average is $34.56. Hyster-Yale has a one year low of $26.41 and a one year high of $46.87.

Institutional Investors Weigh In On Hyster-Yale

Several large investors have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in shares of Hyster-Yale by 113.5% in the 3rd quarter. Millennium Management LLC now owns 220,850 shares of the industrial products company’s stock worth $8,141,000 after acquiring an additional 117,415 shares during the last quarter. Valueworks LLC lifted its holdings in shares of Hyster-Yale by 33.2% during the fourth quarter. Valueworks LLC now owns 399,344 shares of the industrial products company’s stock valued at $11,865,000 after purchasing an additional 99,538 shares during the last quarter. Impala Asset Management LLC purchased a new stake in shares of Hyster-Yale during the fourth quarter valued at $1,486,000. Goldman Sachs Group Inc. boosted its position in shares of Hyster-Yale by 58.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 120,803 shares of the industrial products company’s stock valued at $3,589,000 after purchasing an additional 44,750 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of Hyster-Yale by 43.5% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 144,485 shares of the industrial products company’s stock valued at $4,293,000 after purchasing an additional 43,822 shares during the period. 46.47% of the stock is owned by institutional investors.

Hyster-Yale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Friday, February 27th. Hyster-Yale’s dividend payout ratio is -42.35%.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.