Hyster-Yale Materials Handling (NYSE:HY) Posts Earnings Results, Beats Estimates By $0.09 EPS

Hyster-Yale Materials Handling (NYSE:HY) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.09, Zacks reports. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%.

Hyster-Yale Materials Handling Stock Performance

Shares of NYSE:HY traded up $1.06 on Tuesday, reaching $51.67. The company’s stock had a trading volume of 76,135 shares, compared to its average volume of 66,379. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock has a market capitalization of $904.64 million, a P/E ratio of 5.80 and a beta of 1.26. The stock’s 50-day moving average is $52.04 and its two-hundred day moving average is $57.24. Hyster-Yale Materials Handling has a 52-week low of $48.73 and a 52-week high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 15.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Roth Mkm reduced their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

Hyster-Yale Materials Handling declared that its Board of Directors has initiated a stock buyback program on Monday, November 18th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to repurchase up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, 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.