Wall Street analysts expect Hyster-Yale Materials Handling Inc (NYSE:HY) to post $755.30 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings, with the highest sales estimate coming in at $763.50 million and the lowest estimate coming in at $747.10 million. Hyster-Yale Materials Handling reported sales of $690.60 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The firm is scheduled to announce its next earnings report on Tuesday, February 27th.

On average, analysts expect that Hyster-Yale Materials Handling will report full year sales of $755.30 million for the current year, with estimates ranging from $2.84 billion to $2.85 billion. For the next year, analysts expect that the business will report sales of $3.13 billion per share, with estimates ranging from $2.98 billion to $3.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Hyster-Yale Materials Handling.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Friday, November 3rd. The industrial products company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.49 by $0.21. Hyster-Yale Materials Handling had a net margin of 2.27% and a return on equity of 11.34%.

Several research analysts recently weighed in on HY shares. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Sidoti restated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Finally, Seaport Global Securities cut shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has a consensus rating of “Hold” and a consensus price target of $74.00.

Hyster-Yale Materials Handling (NYSE:HY) traded up $2.19 during trading on Wednesday, reaching $88.78. 1,183 shares of the company traded hands, compared to its average volume of 36,908. Hyster-Yale Materials Handling has a 1-year low of $53.50 and a 1-year high of $93.90. The stock has a market capitalization of $1,460.00, a PE ratio of 23.18 and a beta of 1.09. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

In related news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total transaction of $99,423.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 26.34% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake 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 acquiring an additional 1,362 shares during the last quarter. Victory Capital Management Inc. boosted its stake 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 acquiring an additional 319 shares during the last quarter. Simplex Trading LLC boosted its stake in Hyster-Yale Materials Handling by 123.9% in the third quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock valued at $171,000 after acquiring an additional 1,241 shares during the last quarter. Weik Investment Services Inc. purchased a new position in Hyster-Yale Materials Handling in the second quarter valued at about $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Hyster-Yale Materials Handling in the second quarter valued at about $216,000. Hedge funds and other institutional investors own 50.69% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/17/755-30-million-in-sales-expected-for-hyster-yale-materials-handling-inc-hy-this-quarter-2.html.

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.

Get a free copy of the Zacks research report on Hyster-Yale Materials Handling (HY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.