Analysts Expect Hyster-Yale Materials Handling Inc (HY) Will Post Earnings of $0.97 Per Share

Equities analysts expect Hyster-Yale Materials Handling Inc (NYSE:HY) to post $0.97 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hyster-Yale Materials Handling’s earnings, with the lowest EPS estimate coming in at $0.91 and the highest estimate coming in at $1.02. Hyster-Yale Materials Handling posted earnings of $0.74 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 31.1%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full-year earnings of $4.06 per share for the current year, with EPS estimates ranging from $4.00 to $4.11. For the next year, analysts expect that the firm will post earnings of $4.41 per share, with EPS estimates ranging from $4.07 to $4.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Hyster-Yale Materials Handling.

HY has been the subject of several research reports. Seaport Global Securities cut shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price objective for the company. in a research report on Monday, November 6th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $74.00.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total value of $99,423.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.34% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Hyster-Yale Materials Handling by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock worth $46,348,000 after purchasing an additional 24,805 shares during the period. Fuller & Thaler Asset Management Inc. lifted its position in shares of Hyster-Yale Materials Handling by 0.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 632,926 shares of the industrial products company’s stock worth $48,381,000 after purchasing an additional 4,461 shares during the period. Royce & Associates LP lifted its position in shares of Hyster-Yale Materials Handling by 3.6% in the 3rd quarter. Royce & Associates LP now owns 295,233 shares of the industrial products company’s stock worth $22,568,000 after purchasing an additional 10,276 shares during the period. State Street Corp lifted its position in shares of Hyster-Yale Materials Handling by 10.4% in the 2nd quarter. State Street Corp now owns 219,916 shares of the industrial products company’s stock worth $15,446,000 after purchasing an additional 20,740 shares during the period. Finally, Foundry Partners LLC lifted its position in shares of Hyster-Yale Materials Handling by 3.3% in the 4th quarter. Foundry Partners LLC now owns 120,101 shares of the industrial products company’s stock worth $10,228,000 after purchasing an additional 3,813 shares during the period. 50.00% of the stock is owned by hedge funds and other institutional investors.

Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at $80.47 on Friday. The stock has a market cap of $1,324.70, a PE ratio of 21.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.02. Hyster-Yale Materials Handling has a 52-week low of $53.50 and a 52-week high of $93.90.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.3025 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $1.21 annualized dividend and a yield of 1.50%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 31.59%.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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