Q2 2024 Earnings Estimate for Hyster-Yale Materials Handling, Inc. (NYSE:HY) Issued By Roth Capital

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Equities research analysts at Roth Capital upped their Q2 2024 earnings per share (EPS) estimates for Hyster-Yale Materials Handling in a report released on Thursday, May 9th. Roth Capital analyst C. Moore now forecasts that the industrial products company will post earnings of $2.28 per share for the quarter, up from their prior forecast of $2.21. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $7.06 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling’s Q3 2024 earnings at $1.51 EPS, Q4 2024 earnings at $1.62 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $2.41 EPS, Q3 2025 earnings at $2.12 EPS and Q4 2025 earnings at $2.08 EPS.

Other research analysts have also issued research reports about the stock. Roth Mkm reiterated a “buy” rating and issued a $87.00 price target (up previously from $85.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday. StockNews.com downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, TheStreet cut Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a report on Monday, March 4th.

Hyster-Yale Materials Handling Trading Up 8.5 %

HY stock opened at $79.11 on Friday. Hyster-Yale Materials Handling has a one year low of $38.50 and a one year high of $79.66. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 10.91 and a beta of 1.49. The company has a fifty day moving average price of $61.03 and a two-hundred day moving average price of $58.61. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.55.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.35 dividend. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.77%. Hyster-Yale Materials Handling’s payout ratio is 17.93%.

Insider Buying and Selling at Hyster-Yale Materials Handling

In other news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the transaction, the insider now directly owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the transaction, the insider now directly owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The disclosure for this sale can be found here. Insiders own 33.93% of the company’s stock.

Institutional Trading of Hyster-Yale Materials Handling

Several large investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Hyster-Yale Materials Handling by 60.6% in the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after purchasing an additional 222,340 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in shares of Hyster-Yale Materials Handling by 92,150.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 92,250 shares of the industrial products company’s stock valued at $5,737,000 after acquiring an additional 92,150 shares during the last quarter. Valueworks LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 74.9% during the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock valued at $9,405,000 after acquiring an additional 90,355 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Hyster-Yale Materials Handling by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company’s stock worth $18,462,000 after acquiring an additional 65,708 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Hyster-Yale Materials Handling by 86.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock worth $7,757,000 after purchasing an additional 57,758 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.