Hyster-Yale (NYSE:HY) Issues Earnings Results, Misses Estimates By $0.18 EPS

by · The Cerbat Gem

Hyster-Yale (NYSE:HY – Get Free Report) posted its earnings results on Thursday. The industrial products company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.59) by ($0.18), FiscalAI reports. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%. The business had revenue of $827.40 million for the quarter, compared to analyst estimates of $926.45 million.

Hyster-Yale Trading Down 9.2%

Shares of HY stock traded down $2.77 on Thursday, hitting $27.25. The company had a trading volume of 163,183 shares, compared to its average volume of 134,561. The firm has a market cap of $488.63 million, a P/E ratio of -4.15 and a beta of 1.71. The stock’s 50-day moving average is $31.66 and its two-hundred day moving average is $34.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28. Hyster-Yale has a twelve month low of $26.41 and a twelve month high of $41.30.

Hyster-Yale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $0.3650 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.46 annualized dividend and a dividend yield of 5.4%. Hyster-Yale’s dividend payout ratio is presently -22.26%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Roth Capital restated a “buy” rating and issued a $45.00 price target on shares of Hyster-Yale in a research report on Thursday, August 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hyster-Yale in a research note on Friday, October 30th. Finally, Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.50.

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Hyster-Yale Company Profile

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Hyster-Yale, Inc is a global manufacturer of materials-handling equipment. Through its Hyster and Yale brands, the company designs, engineers, manufactures, sells and services lift trucks and related warehouse equipment used to move, store and manage materials in industrial, manufacturing, distribution and logistics operations.

Its product portfolio includes electric, internal-combustion engine and other lift trucks, as well as warehouse equipment such as pallet trucks, stackers and reach trucks.

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