Roth Capital Research Analysts Cut Earnings Estimates for HY

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Equities researchers at Roth Capital reduced their FY2024 earnings per share (EPS) estimates for shares of Hyster-Yale Materials Handling in a research note issued on Wednesday, November 6th. Roth Capital analyst C. Moore now forecasts that the industrial products company will post earnings per share of $8.87 for the year, down from their previous estimate of $9.91. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling’s Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $1.94 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $5.32 EPS.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($1.00). The company had revenue of $1.02 billion for 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 quarter in the previous year, the business earned $2.06 EPS.

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

Hyster-Yale Materials Handling Stock Down 3.8 %

HY opened at $53.49 on Friday. Hyster-Yale Materials Handling has a 52 week low of $43.98 and a 52 week high of $84.44. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $62.45 and a two-hundred day simple moving average of $66.72. The company has a market capitalization of $936.08 million, a PE ratio of 5.35 and a beta of 1.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its holdings in Hyster-Yale Materials Handling by 0.5% in the second quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock worth $2,928,000 after acquiring an additional 192 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Hyster-Yale Materials Handling by 4.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,442 shares of the industrial products company’s stock valued at $310,000 after acquiring an additional 200 shares during the period. Summit Global Investments lifted its position in Hyster-Yale Materials Handling by 2.4% during the 2nd quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 240 shares during the period. Mcdonald Partners LLC grew its stake in Hyster-Yale Materials Handling by 0.9% during the 2nd quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock valued at $2,807,000 after purchasing an additional 352 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Hyster-Yale Materials Handling by 0.5% in the second quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company’s stock valued at $5,340,000 after purchasing an additional 363 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Announces Dividend

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

Hyster-Yale Materials Handling Company Profile

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.