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

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

Hyster-Yale Stock Performance

NYSE HY traded down $2.77 during trading hours on Thursday, hitting $27.25. The company had a trading volume of 163,183 shares, compared to its average volume of 134,561. The business has a 50 day moving average of $31.66 and a 200-day moving average of $34.22. The company has a market cap of $488.63 million, a PE ratio of -4.15 and a beta of 1.71. Hyster-Yale has a 1-year low of $26.41 and a 1-year high of $41.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.65 and a current ratio of 1.28.

Hyster-Yale Dividend Announcement

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

Wall Street Analyst Weigh In

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