Hyster-Yale Q4 EPS Estimate Reduced by Northland Securities

Hyster-Yale, Inc. (NYSE:HY) – Stock analysts at Northland Securities lowered their Q4 2027 earnings estimates for Hyster-Yale in a research report issued on Thursday, August 6th. Northland Securities analyst T. Jackson now forecasts that the industrial products company will post earnings per share of $1.09 for the quarter, down from their previous forecast of $1.22. The consensus estimate for Hyster-Yale’s current full-year earnings is ($2.75) per share.

Hyster-Yale (NYSE:HY) last announced its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.20) by $0.56. Hyster-Yale had a negative net margin of 3.33% and a negative return on equity of 21.03%. The business had revenue of $812.90 million during the quarter, compared to analysts’ expectations of $804.62 million.

A number of other brokerages have also issued reports on HY. Weiss Ratings reissued a “sell (d)” rating on shares of Hyster-Yale in a research report on Monday. Roth Capital restated a “buy” rating and set a $45.00 price target on shares of Hyster-Yale in a research report on Thursday. Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Wall Street Zen downgraded Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $47.50.

Hyster-Yale Stock Performance

NYSE:HY opened at $36.62 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 1.28. The stock has a market capitalization of $656.23 million, a P/E ratio of -5.58 and a beta of 1.62. The company has a 50 day moving average price of $34.72 and a 200 day moving average price of $35.13. Hyster-Yale has a fifty-two week low of $26.41 and a fifty-two week high of $41.30.

Hedge Funds Weigh In On Hyster-Yale

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Optiver Holding B.V. acquired a new stake in Hyster-Yale in the first quarter valued at approximately $33,000. Kestra Advisory Services LLC acquired a new position in Hyster-Yale during the 4th quarter worth approximately $61,000. Aquatic Capital Management LLC grew its holdings in Hyster-Yale by 71.9% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 1,410 shares in the last quarter. Amundi increased its position in shares of Hyster-Yale by 10.1% in the 1st quarter. Amundi now owns 4,844 shares of the industrial products company’s stock valued at $201,000 after purchasing an additional 444 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Hyster-Yale in the 1st quarter valued at $204,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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 dividend of $0.365 per share. This represents a $1.46 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Hyster-Yale’s previous quarterly dividend of $0.36. Hyster-Yale’s payout ratio is presently -22.26%.

Hyster-Yale Company Profile

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.