Analysts Expect Hyster-Yale Materials Handling, Inc. (HY) Will Announce Quarterly Sales of $737.55 Million
Equities analysts expect Hyster-Yale Materials Handling, Inc. (NYSE:HY) to post $737.55 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Hyster-Yale Materials Handling’s earnings, with the lowest sales estimate coming in at $730.60 million and the highest estimate coming in at $744.50 million. Hyster-Yale Materials Handling posted sales of $690.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.8%. The company is expected to announce its next quarterly earnings results on Friday, November 3rd.
According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full-year sales of $737.55 million for the current year, with estimates ranging from $2.79 billion to $2.81 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.06 billion per share, with estimates ranging from $2.89 billion to $3.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Hyster-Yale Materials Handling.
A number of analysts have recently commented on HY shares. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Sidoti raised shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Seaport Global Securities cut shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 target price for the company. in a research note on Monday. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Hyster-Yale Materials Handling currently has an average rating of “Hold” and an average target price of $74.00.
Hyster-Yale Materials Handling (HY) opened at $83.06 on Tuesday. The firm has a market cap of $1,370.00, a PE ratio of 25.50 and a beta of 1.06. Hyster-Yale Materials Handling has a 1 year low of $51.46 and a 1 year high of $93.90. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.67 and a quick ratio of 1.06.
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In other news, insider Frank F. Taplin sold 1,464 shares of the business’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 26.34% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HY. Federated Investors Inc. PA grew its stake in Hyster-Yale Materials Handling by 2,279,500.0% during the 2nd quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock valued at $4,805,000 after acquiring an additional 68,385 shares in the last quarter. New Amsterdam Partners LLC NY purchased a new stake in Hyster-Yale Materials Handling during the 2nd quarter valued at about $4,402,000. JPMorgan Chase & Co. grew its stake in Hyster-Yale Materials Handling by 62.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock valued at $8,282,000 after acquiring an additional 45,467 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hyster-Yale Materials Handling by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 908,970 shares of the industrial products company’s stock valued at $51,256,000 after acquiring an additional 37,588 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Hyster-Yale Materials Handling by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock valued at $35,805,000 after acquiring an additional 33,777 shares in the last quarter. 51.71% of the stock is owned by institutional investors.
About Hyster-Yale Materials Handling
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.
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