Hyster-Yale Materials Handling, Inc. (HY) Expected to Announce Earnings of $0.97 Per Share
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.
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%.
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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