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

Hyster-Yale (NYSE:HY) issued its earnings results on Thursday. The industrial products company reported ($0.77) earnings per share (EPS) 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 firm 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 up $0.98 during mid-day trading on Friday, reaching $27.93. The company’s stock had a trading volume of 42,205 shares, compared to its average volume of 104,128. The company has a current ratio of 1.28, a quick ratio of 0.65 and a debt-to-equity ratio of 0.66. The stock has a market cap of $500.87 million, a P/E ratio of -4.25 and a beta of 1.71. The firm’s fifty day moving average price is $31.66 and its two-hundred day moving average price is $34.22. Hyster-Yale has a 12-month low of $26.41 and a 12-month high of $41.30.

Hyster-Yale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $0.3650 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.46 dividend on an annualized basis and a yield of 5.2%. Hyster-Yale’s payout ratio is -22.26%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Hyster-Yale in a research report on Friday, October 30th. Roth Capital reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Hyster-Yale in a research report on Thursday, August 6th. Finally, Wall Street Zen cut Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.50.

Hyster-Yale Company Profile

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.