Hyster-Yale (NYSE:HY) Releases Earnings Results, Beats Expectations By $0.56 EPS

Hyster-Yale (NYSE:HYGet Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported ($1.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.20) by $0.56, FiscalAI reports. Hyster-Yale had a negative net margin of 2.71% and a negative return on equity of 13.96%.

Hyster-Yale Stock Performance

NYSE HY remained flat at $35.06 on Tuesday. 99,554 shares of the company were exchanged, compared to its average volume of 93,461. The stock’s fifty day moving average price is $34.62 and its two-hundred day moving average price is $35.05. The firm has a market cap of $628.28 million, a price-to-earnings ratio of -6.27 and a beta of 1.62. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Hyster-Yale has a 12-month low of $26.41 and a 12-month high of $42.33.

Hyster-Yale Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were paid a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, June 1st. This is a boost from Hyster-Yale’s previous quarterly dividend of $0.36. Hyster-Yale’s dividend payout ratio (DPR) is currently -26.12%.

Institutional Trading of Hyster-Yale

Institutional investors have recently modified their holdings of the company. Amundi lifted its position in shares of Hyster-Yale by 3.8% in the fourth quarter. Amundi now owns 9,013 shares of the industrial products company’s stock valued at $268,000 after buying an additional 334 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Hyster-Yale by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 9,284 shares of the industrial products company’s stock worth $369,000 after acquiring an additional 654 shares during the last quarter. Intech Investment Management LLC raised its stake in Hyster-Yale by 19.2% in the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock valued at $237,000 after acquiring an additional 1,036 shares during the period. Rhumbline Advisers raised its stake in Hyster-Yale by 7.0% in the 2nd quarter. Rhumbline Advisers now owns 18,430 shares of the industrial products company’s stock valued at $733,000 after acquiring an additional 1,206 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Hyster-Yale by 13.2% during the 3rd quarter. Victory Capital Management Inc. now owns 10,861 shares of the industrial products company’s stock valued at $400,000 after purchasing an additional 1,270 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Wall Street Zen downgraded Hyster-Yale from a “hold” rating to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

View Our Latest Research Report on HY

About Hyster-Yale

(Get Free Report)

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.

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Earnings History for Hyster-Yale (NYSE:HY)

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