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.
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.
ILLEGAL ACTIVITY WARNING: “Zacks: Analysts Anticipate Hyster-Yale Materials Handling (HY) Will Post Quarterly Sales of $785.65 Million” was first published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thelincolnianonline.com/2018/04/15/zacks-analysts-anticipate-hyster-yale-materials-handling-hy-will-post-quarterly-sales-of-785-65-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.