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.
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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.
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