Wall Street brokerages expect that Hyster-Yale Materials Handling, Inc. (NYSE:HY) will post earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hyster-Yale Materials Handling’s earnings, with estimates ranging from $0.48 to $0.50. Hyster-Yale Materials Handling posted earnings of $0.75 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 34.7%. The business is expected to issue its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full year earnings of $3.23 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.26. For the next year, analysts anticipate that the business will report earnings of $5.20 per share, with EPS estimates ranging from $5.00 to $5.39. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Hyster-Yale Materials Handling.

Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Sidoti upgraded Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a report on Friday, May 12th. Finally, Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $62.00 to $84.00 in a report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Hyster-Yale Materials Handling has a consensus rating of “Hold” and an average target price of $74.75.

In related news, insider Frank F. Taplin sold 1,400 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total transaction of $103,502.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Susan Sichel sold 1,250 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $64.46, for a total value of $80,575.00. Following the completion of the transaction, the insider now owns 16,850 shares of the company’s stock, valued at $1,086,151. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,778 shares of company stock valued at $418,083. 26.34% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of HY. SG Americas Securities LLC purchased a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $110,000. BNP Paribas Arbitrage SA increased its position in Hyster-Yale Materials Handling by 519.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,362 shares in the last quarter. Victory Capital Management Inc. increased its position in Hyster-Yale Materials Handling by 17.7% in the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock valued at $149,000 after buying an additional 319 shares in the last quarter. Comerica Bank purchased a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $205,000. Finally, Weik Investment Services Inc. purchased a new position in Hyster-Yale Materials Handling during the second quarter valued at approximately $211,000. Hedge funds and other institutional investors own 69.05% of the company’s stock.

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Shares of Hyster-Yale Materials Handling (HY) traded down 1.55% during trading on Monday, reaching $66.80. 42,523 shares of the company were exchanged. Hyster-Yale Materials Handling has a 52-week low of $47.25 and a 52-week high of $76.50. The stock has a market capitalization of $1.10 billion, a P/E ratio of 18.66 and a beta of 1.05. The stock has a 50-day moving average of $69.45 and a 200 day moving average of $65.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.3025 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.21 annualized dividend and a dividend yield of 1.81%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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Earnings History and Estimates for Hyster-Yale Materials Handling (NYSE:HY)

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