Brokers Offer Predictions for Hyster-Yale FY2030 Earnings

Hyster-Yale, Inc. (NYSE:HY) – Stock analysts at Northland Securities issued their FY2030 earnings per share estimates for Hyster-Yale in a research report issued on Thursday, March 5th. Northland Securities analyst E. Jackson anticipates that the industrial products company will post earnings per share of $7.07 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.

A number of other brokerages also recently weighed in on HY. Weiss Ratings downgraded Hyster-Yale from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, March 5th. Zacks Research downgraded Hyster-Yale from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Hyster-Yale has an average rating of “Reduce” and a consensus target price of $45.00.

Hyster-Yale Stock Up 1.4%

Shares of NYSE HY opened at $33.36 on Monday. Hyster-Yale has a 52-week low of $26.41 and a 52-week high of $46.87. The firm has a market capitalization of $591.38 million, a price-to-earnings ratio of -9.81 and a beta of 1.54. The stock has a 50 day moving average price of $35.10 and a 200 day moving average price of $34.49. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.71 and a current ratio of 1.34.

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

Hyster-Yale Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HY. State of Alaska Department of Revenue purchased a new stake in shares of Hyster-Yale during the third quarter worth approximately $27,000. Kestra Advisory Services LLC purchased a new stake in shares of Hyster-Yale in the 4th quarter valued at about $61,000. Aquatic Capital Management LLC lifted its stake in Hyster-Yale by 71.9% in the third quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock valued at $124,000 after buying an additional 1,410 shares during the last quarter. Amundi boosted its stake in Hyster-Yale by 10.1% during the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock worth $201,000 after purchasing an additional 444 shares during the period. Finally, Intech Investment Management LLC boosted its stake in shares of Hyster-Yale by 19.2% during the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company’s stock worth $237,000 after buying an additional 1,036 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Hyster-Yale

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.