Wall Street analysts predict that Hyster-Yale Materials Handling, Inc. (NYSE:HY) will report earnings of $0.97 per share for the current quarter, according to Zacks. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings. The highest EPS estimate is $1.02 and the lowest is $0.91. Hyster-Yale Materials Handling posted earnings per share of $0.74 in the same quarter last year, which indicates a positive year-over-year growth rate of 31.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that Hyster-Yale Materials Handling will report full-year earnings of $4.06 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.11. For the next fiscal year, analysts expect that the company will report earnings of $4.41 per share, with EPS estimates ranging from $4.07 to $4.75. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Hyster-Yale Materials Handling.

Several equities analysts have commented on the stock. Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Seaport Global Securities lowered shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price on the stock. in a report on Monday, November 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Several institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP grew its holdings in shares of Hyster-Yale Materials Handling by 9.5% during the 3rd quarter. GSA Capital Partners LLP now owns 42,651 shares of the industrial products company’s stock valued at $3,260,000 after purchasing an additional 3,707 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of Hyster-Yale Materials Handling by 35.1% during the 3rd quarter. Argent Capital Management LLC now owns 45,350 shares of the industrial products company’s stock valued at $3,467,000 after purchasing an additional 11,770 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Hyster-Yale Materials Handling by 1,062.4% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,132 shares of the industrial products company’s stock valued at $1,538,000 after purchasing an additional 18,400 shares during the last quarter. Royce & Associates LP grew its holdings in shares of Hyster-Yale Materials Handling by 3.6% during the 3rd quarter. Royce & Associates LP now owns 295,233 shares of the industrial products company’s stock valued at $22,568,000 after purchasing an additional 10,276 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Hyster-Yale Materials Handling during the 3rd quarter worth approximately $1,416,000. 50.96% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling (NYSE HY) traded down $0.20 during mid-day trading on Tuesday, reaching $83.58. 43,900 shares of the company’s stock traded hands, compared to its average volume of 58,667. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. Hyster-Yale Materials Handling has a 52-week low of $53.50 and a 52-week high of $93.90. The company has a market cap of $1,390.00, a price-to-earnings ratio of 23.73 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 31.59%.

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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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