Zacks: Analysts Anticipate Hyster-Yale Materials Handling (HY) Will Post Quarterly Sales of $785.65 Million

Wall Street brokerages predict that Hyster-Yale Materials Handling (NYSE:HY) will post $785.65 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings, with the lowest sales estimate coming in at $774.20 million and the highest estimate coming in at $797.10 million. Hyster-Yale Materials Handling posted sales of $713.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The business is expected to announce its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full year sales of $3.20 billion for the current year, with estimates ranging from $3.10 billion to $3.31 billion. For the next fiscal year, analysts expect that the company will report sales of $3.47 billion per share, with estimates ranging from $3.22 billion to $3.71 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Hyster-Yale Materials Handling.

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Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.97 EPS for the quarter, meeting analysts’ consensus estimates of $0.97. The firm had revenue of $795.50 million during the quarter, compared to the consensus estimate of $755.30 million. Hyster-Yale Materials Handling had a return on equity of 11.51% and a net margin of 1.68%.

A number of brokerages recently commented on HY. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a report on Friday, March 9th. Seaport Global Securities raised Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, Robert W. Baird downgraded Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 target price on the stock. in a report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Hyster-Yale Materials Handling has a consensus rating of “Hold” and a consensus target price of $71.33.

HY traded up $0.34 on Thursday, reaching $73.43. The company’s stock had a trading volume of 22,380 shares, compared to its average volume of 54,327. The company has a market capitalization of $1,203.43, a P/E ratio of 18.09 and a beta of 1.12. Hyster-Yale Materials Handling has a 1 year low of $53.66 and a 1 year high of $93.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.04 and a current ratio of 1.63.

In other Hyster-Yale Materials Handling news, insider Theodore D. Taplin sold 854 shares of the stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $69.65, for a total transaction of $59,481.10. Following the transaction, the insider now owns 47,472 shares of the company’s stock, valued at approximately $3,306,424.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 26.34% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HY. We Are One Seven LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $133,000. Teacher Retirement System of Texas bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $240,000. Globeflex Capital L P bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $321,000. Unison Advisors LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $351,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $382,000. 52.92% of the stock is currently owned by institutional investors.

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Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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