Roth Capital Has Pessimistic Outlook of HY Q4 Earnings

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Research analysts at Roth Capital dropped their Q4 2024 earnings estimates for shares of Hyster-Yale Materials Handling in a research report issued on Wednesday, November 6th. Roth Capital analyst C. Moore now anticipates that the industrial products company will post earnings of $1.40 per share for the quarter, down from their prior estimate of $1.50. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share.

Hyster-Yale Materials Handling (NYSE:HY) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same period in the previous year, the firm earned $2.06 earnings per share.

A number of other research firms have also weighed in on HY. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Roth Mkm decreased their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Hyster-Yale Materials Handling presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.00.

Hyster-Yale Materials Handling Stock Down 3.8 %

Shares of NYSE HY opened at $53.49 on Thursday. The stock has a market capitalization of $936.08 million, a P/E ratio of 5.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. Hyster-Yale Materials Handling has a 1 year low of $43.98 and a 1 year high of $84.44. The company has a 50-day moving average price of $62.45 and a 200-day moving average price of $66.72.

Institutional Trading of Hyster-Yale Materials Handling

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC purchased a new position in Hyster-Yale Materials Handling in the first quarter worth about $27,000. Covestor Ltd raised its position in Hyster-Yale Materials Handling by 21,350.0% in the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Quest Partners LLC lifted its stake in Hyster-Yale Materials Handling by 6,692.3% during the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after acquiring an additional 870 shares during the period. Itau Unibanco Holding S.A. purchased a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter valued at about $67,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings in Hyster-Yale Materials Handling by 67.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 548 shares during the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.62%. Hyster-Yale Materials Handling’s payout ratio is currently 14.00%.

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.