Hyster-Yale Materials Handling (NYSE:HY) Releases Quarterly Earnings Results, Beats Estimates By $1.30 EPS

Hyster-Yale Materials Handling (NYSE:HY) posted its quarterly earnings results on Tuesday. The industrial products company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30, Zacks reports. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the company posted $2.21 earnings per share.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE:HY traded down $0.40 during trading on Friday, reaching $60.10. 95,534 shares of the company’s stock traded hands, compared to its average volume of 100,797. Hyster-Yale Materials Handling has a fifty-two week low of $38.50 and a fifty-two week high of $84.44. The firm has a market cap of $1.05 billion, a PE ratio of 6.90 and a beta of 1.35. The company has a quick ratio of 0.56, a current ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a 50-day simple moving average of $71.71 and a 200-day simple moving average of $67.61.

Analyst Ratings Changes

A number of analysts have commented on HY shares. Roth Mkm restated a “buy” rating and issued a $84.00 price target (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, Northland Securities raised shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target for the company in a research note on Wednesday, June 5th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $87.00.

About Hyster-Yale Materials Handling

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.