Hyster-Yale Materials Handling (HY) Set to Announce Earnings on Tuesday

Hyster-Yale Materials Handling (NYSE:HY) will be issuing its quarterly earnings data before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.97 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the company posted $2.21 EPS. On average, analysts expect Hyster-Yale Materials Handling to post $10 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Hyster-Yale Materials Handling Price Performance

HY stock opened at $62.02 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.63 and a current ratio of 1.31. The company’s fifty day moving average price is $63.00 and its 200-day moving average price is $66.94. Hyster-Yale Materials Handling has a one year low of $41.35 and a one year high of $84.44. The company has a market capitalization of $1.09 billion, a PE ratio of 6.20 and a beta of 1.32.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.26%. The ex-dividend date was Friday, August 30th. Hyster-Yale Materials Handling’s payout ratio is currently 14.00%.

Wall Street Analysts Forecast Growth

HY has been the topic of several research reports. StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Roth Mkm reissued a “buy” rating and issued a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hyster-Yale Materials Handling has an average rating of “Moderate Buy” and an average price target of $87.00.

About Hyster-Yale Materials Handling

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.