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

Analysts forecast that Hyster-Yale Materials Handling Inc (NYSE:HY) will report $0.97 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.02. Hyster-Yale Materials Handling posted earnings per share of $0.74 in the same quarter last year, which indicates a positive year over year growth rate of 31.1%. The firm is expected to report its next quarterly earnings report 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 fiscal year, analysts anticipate that the business will report earnings of $4.41 per share, with EPS estimates ranging from $4.07 to $4.75. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Hyster-Yale Materials Handling.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Friday, November 3rd. The industrial products company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.21. Hyster-Yale Materials Handling had a return on equity of 11.34% and a net margin of 2.27%. The company had revenue of $691.10 million during the quarter, compared to analyst estimates of $663.00 million.

A number of equities research analysts have recently weighed in on HY shares. Seaport Global Securities lowered Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Monday, November 6th. Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a research note on Friday, October 13th. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Hyster-Yale Materials Handling presently has an average rating of “Hold” and a consensus target price of $74.00.

In related news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total transaction of $99,423.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. 26.34% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Simplex Trading LLC increased its holdings in Hyster-Yale Materials Handling by 123.9% during the 3rd quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,241 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of Hyster-Yale Materials Handling by 18.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 72,647 shares of the industrial products company’s stock worth $5,553,000 after acquiring an additional 11,347 shares during the period. Teachers Advisors LLC grew its holdings in shares of Hyster-Yale Materials Handling by 68.1% during the 2nd quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock worth $1,982,000 after acquiring an additional 11,424 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Hyster-Yale Materials Handling by 9.5% during the 3rd quarter. GSA Capital Partners LLP now owns 42,651 shares of the industrial products company’s stock worth $3,260,000 after acquiring an additional 3,707 shares during the period. Finally, Macquarie Group Ltd. purchased a new position in shares of Hyster-Yale Materials Handling during the 3rd quarter worth approximately $639,000. Institutional investors own 50.66% of the company’s stock.

Shares of Hyster-Yale Materials Handling (NYSE HY) opened at $81.31 on Thursday. Hyster-Yale Materials Handling has a 52 week low of $53.50 and a 52 week high of $93.90. The company has a quick ratio of 1.02, a current ratio of 1.64 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1,338.53, a PE ratio of 23.03 and a beta of 1.05.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/04/zacks-analysts-expect-hyster-yale-materials-handling-inc-hy-will-post-earnings-of-0-97-per-share.html.

Hyster-Yale Materials Handling Company Profile

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.

Get a free copy of the Zacks research report on Hyster-Yale Materials Handling (HY)

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.

Leave a Reply