Hyster-Yale (NYSE:HY) Releases Earnings Results, Misses Estimates By $0.18 EPS

Hyster-Yale (NYSE:HY) announced its quarterly earnings results on Thursday. The industrial products company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.18), FiscalAI reports. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%. The business had revenue of $827.40 million during the quarter, compared to the consensus estimate of $926.45 million.

Hyster-Yale Stock Performance

NYSE HY traded down $2.77 during mid-day trading on Thursday, reaching $27.25. 163,183 shares of the stock were exchanged, compared to its average volume of 134,561. The company has a market capitalization of $488.63 million, a P/E ratio of -4.15 and a beta of 1.71. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28. The business’s 50 day moving average is $31.66 and its 200-day moving average is $34.22. Hyster-Yale has a 1 year low of $26.41 and a 1 year high of $41.30.

Hyster-Yale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.3650 per share. This represents a $1.46 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Hyster-Yale’s payout ratio is -22.26%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HY. Wall Street Zen lowered Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings restated a “sell (d)” rating on shares of Hyster-Yale in a report on Friday, October 30th. Finally, Roth Capital reissued a “buy” rating and issued a $45.00 price target on shares of Hyster-Yale in a report on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.50.

About Hyster-Yale

Hyster-Yale, Inc is a global manufacturer of materials-handling equipment. Through its Hyster and Yale brands, the company designs, engineers, manufactures, sells and services lift trucks and related warehouse equipment used to move, store and manage materials in industrial, manufacturing, distribution and logistics operations.

Its product portfolio includes electric, internal-combustion engine and other lift trucks, as well as warehouse equipment such as pallet trucks, stackers and reach trucks.