$755.30 Million in Sales Expected for Hyster-Yale Materials Handling Inc (HY) This Quarter

Wall Street brokerages forecast that Hyster-Yale Materials Handling Inc (NYSE:HY) will post sales of $755.30 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings, with the highest sales estimate coming in at $763.50 million and the lowest estimate coming in at $747.10 million. Hyster-Yale Materials Handling posted sales of $690.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The business is scheduled to issue its next quarterly earnings results after the market closes on Tuesday, February 27th.

According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full year sales of $755.30 million for the current year, with estimates ranging from $2.84 billion to $2.85 billion. For the next year, analysts anticipate that the company will post sales of $3.13 billion per share, with estimates ranging from $2.98 billion to $3.29 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Hyster-Yale Materials Handling.

A number of brokerages have issued reports on HY. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Seaport Global Securities raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus price target of $74.00.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total value of $99,423.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 26.34% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of HY. Teachers Advisors LLC lifted its position in shares of Hyster-Yale Materials Handling by 68.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock worth $1,982,000 after purchasing an additional 11,424 shares during the period. TIAA CREF Investment Management LLC lifted its position in shares of Hyster-Yale Materials Handling by 44.7% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 36,405 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 11,250 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Hyster-Yale Materials Handling by 347.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 21,346 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 16,576 shares during the period. Vanguard Group Inc. lifted its position in shares of Hyster-Yale Materials Handling by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock worth $46,348,000 after purchasing an additional 24,805 shares during the period. Finally, Parametric Portfolio Associates LLC lifted its position in shares of Hyster-Yale Materials Handling by 5.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 36,483 shares of the industrial products company’s stock worth $2,563,000 after purchasing an additional 2,012 shares during the period. 51.40% of the stock is owned by hedge funds and other institutional investors.

Shares of Hyster-Yale Materials Handling (NYSE:HY) opened at $80.47 on Tuesday. The stock has a market cap of $1,324.70, a price-to-earnings ratio of 22.80 and a beta of 1.05. Hyster-Yale Materials Handling has a twelve month low of $53.50 and a twelve month high of $93.90. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.64 and a quick ratio of 1.02.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be issued a $0.3025 dividend. This represents a $1.21 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 31.59%.

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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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