Brokerages expect Hyster-Yale Materials Handling, Inc. (NYSE:HY) to announce sales of $673.25 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings, with the lowest sales estimate coming in at $666.20 million and the highest estimate coming in at $680.30 million. Hyster-Yale Materials Handling posted sales of $645.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The company is scheduled to report its next quarterly earnings report on Monday, August 14th.

According to Zacks, analysts expect that Hyster-Yale Materials Handling will report full-year sales of $673.25 million for the current financial year, with estimates ranging from $2.76 billion to $2.86 billion. For the next fiscal year, analysts expect that the business will report sales of $3.01 billion per share, with estimates ranging from $2.83 billion to $3.19 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Hyster-Yale Materials Handling.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, May 2nd. The industrial products company reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.50. The company had revenue of $713.10 million for the quarter, compared to the consensus estimate of $668.33 million. Hyster-Yale Materials Handling had a net margin of 1.90% and a return on equity of 10.53%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share.

A number of equities research analysts have recently commented on the stock. Sidoti cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a research note on Wednesday, June 7th. TheStreet raised shares of Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Thursday, May 4th. Robert W. Baird raised shares of Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $62.00 to $84.00 in a research note on Tuesday, May 2nd. Finally, Seaport Global Securities raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research note on Thursday, April 20th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $74.75.

Hyster-Yale Materials Handling (NYSE:HY) opened at 74.66 on Friday. The firm’s 50-day moving average is $72.88 and its 200 day moving average is $64.01. The stock has a market cap of $1.23 billion, a P/E ratio of 24.08 and a beta of 1.05. Hyster-Yale Materials Handling has a one year low of $47.25 and a one year high of $76.48.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st were paid a dividend of $0.3025 per share. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.62%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 39.03%.

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In other news, insider Cory Freyer sold 3,128 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $74.81, for a total transaction of $234,005.68. Following the sale, the insider now owns 8,000 shares of the company’s stock, valued at approximately $598,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank F. Taplin sold 1,400 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total transaction of $103,502.00. The disclosure for this sale can be found here. 26.34% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in HY. American International Group Inc. raised its position in shares of Hyster-Yale Materials Handling by 7.0% in the first quarter. American International Group Inc. now owns 5,802 shares of the industrial products company’s stock worth $327,000 after buying an additional 381 shares during the period. Teachers Advisors LLC raised its position in shares of Hyster-Yale Materials Handling by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 15,061 shares of the industrial products company’s stock worth $960,000 after buying an additional 526 shares during the period. Bahl & Gaynor Inc. raised its position in shares of Hyster-Yale Materials Handling by 12.8% in the first quarter. Bahl & Gaynor Inc. now owns 12,219 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,385 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of Hyster-Yale Materials Handling by 3.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 44,480 shares of the industrial products company’s stock worth $2,508,000 after buying an additional 1,454 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Hyster-Yale Materials Handling during the first quarter worth about $110,000. Hedge funds and other institutional investors own 67.96% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

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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