News stories about Hyster-Yale Materials Handling (NYSE:HY) have trended somewhat positive on Friday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Hyster-Yale Materials Handling earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the industrial products company an impact score of 46.8661992087893 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Hyster-Yale Materials Handling opened at $68.37 on Friday, MarketBeat.com reports. Hyster-Yale Materials Handling has a 52-week low of $62.62 and a 52-week high of $93.90. The company has a market capitalization of $1.15 billion, a P/E ratio of 16.84 and a beta of 1.14. The company has a current ratio of 1.68, a quick ratio of 1.07 and a debt-to-equity ratio of 0.34.
Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Tuesday, February 27th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.97. Hyster-Yale Materials Handling had a return on equity of 10.39% and a net margin of 1.53%. The business had revenue of $795.50 million for the quarter, compared to analyst estimates of $755.30 million. research analysts forecast that Hyster-Yale Materials Handling will post 4.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Thursday, May 31st. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 29.80%.
Several equities analysts have recently weighed in on HY shares. ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Robert W. Baird cut Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 price objective on the stock. in a report on Friday, March 2nd. Zacks Investment Research cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Wednesday, March 7th. Finally, TheStreet cut Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a report on Friday, March 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $71.33.
In related news, insider Theodore D. Taplin sold 1,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, May 14th. The stock was sold at an average price of $68.20, for a total value of $68,200.00. Following the sale, the insider now owns 45,472 shares of the company’s stock, valued at approximately $3,101,190.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Theodore D. Taplin sold 854 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $69.65, for a total value of $59,481.10. Following the completion of the sale, the insider now directly owns 47,472 shares in the company, valued at approximately $3,306,424.80. The disclosure for this sale can be found here. In the last three months, insiders sold 2,854 shares of company stock worth $195,131. 26.34% of the stock is owned by insiders.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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