Hyster-Yale (NYSE:HY) Issues Quarterly Earnings Results

Key Points

• EPS beat but revenue missed: Hyster‑Yale reported adjusted EPS of (−$1.64) versus a (−$1.80) consensus, but revenue fell short at $795.2M vs. $878.1M, and the company remains unprofitable (ROE −6.12%, net margin −1.59%).
• Dividend and market reaction: The firm paid a $0.36 quarterly dividend (annualized yield 3.6%), and the stock rose to $40.10 after the release, with a market cap around $718M and a negative trailing P/E.
• Analyst sentiment is mixed-to-negative: MarketBeat shows an average rating of "Reduce" with a $45 consensus price target, and institutional investors hold roughly 46.5% of the shares.

Hyster-Yale (NYSE:HY - Get Free Report) announced its earnings results on Tuesday. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.80) by $0.16, FiscalAI reports. Hyster-Yale had a negative return on equity of 6.12% and a negative net margin of 1.59%.The firm had revenue of $795.20 million during the quarter, compared to analyst estimates of $878.10 million.

Hyster-Yale Stock Performance

Hyster-Yale stock traded up $1.55 during midday trading on Tuesday, reaching $40.10. The stock had a trading volume of 103,937 shares, compared to its average volume of 93,004. Hyster-Yale has a 12 month low of $26.41 and a 12 month high of $44.55. The firm's 50-day moving average price is $35.25 and its 200 day moving average price is $33.92. The firm has a market capitalization of $717.81 million, a PE ratio of -11.79 and a beta of 1.66. The company has a quick ratio of 0.71, a current ratio of 1.34 and a debt-to-equity ratio of 0.53.

Hyster-Yale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, February 27th. Hyster-Yale's payout ratio is currently -42.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new stake in Hyster-Yale during the 4th quarter valued at $61,000. Aquatic Capital Management LLC raised its holdings in Hyster-Yale by 71.9% during the 3rd quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company's stock valued at $124,000 after acquiring an additional 1,410 shares during the period. Amundi raised its holdings in Hyster-Yale by 10.1% during the 1st quarter. Amundi now owns 4,844 shares of the industrial products company's stock valued at $201,000 after acquiring an additional 444 shares during the period. Intech Investment Management LLC raised its holdings in Hyster-Yale by 19.2% during the 3rd quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company's stock valued at $237,000 after acquiring an additional 1,036 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Hyster-Yale by 100.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 8,770 shares of the industrial products company's stock valued at $261,000 after buying an additional 4,395 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

HY has been the subject of several research analyst reports. Wall Street Zen lowered shares of Hyster-Yale from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Northland Securities upgraded shares of Hyster-Yale from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a research note on Monday, March 2nd. Zacks Research lowered shares of Hyster-Yale from a "hold" rating to a "strong sell" rating in a research note on Friday, March 6th. Finally, Weiss Ratings lowered shares of Hyster-Yale from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $45.00.

About Hyster-Yale

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company's product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.

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