Hyster-Yale (NYSE:HY) Stock Price Down 12.3% - Here's What Happened

Key Points

• Hyster‑Yale stock fell 12.3% in mid‑day trading to about $35.03 on very light volume (5,418 shares, roughly 94% below the average session volume).
• Mixed earnings results: Q1 loss of $1.64/share beat expectations (consensus -$2.02) but revenue materially missed at $795.2M vs. ~$878M, with an ~ $28M operating loss driven in part by roughly $30M in tariff costs, weaker product mix and backlog depletion compressing margins.
• Early signs of demand stabilization amid mixed analyst views: Management said bookings rose ~7% sequentially, suggesting a potential trough, while analysts issued both upgrades and downgrades (Zacks to "hold", Northland to "outperform") and the average price target is about $45.

Hyster-Yale, Inc. (NYSE:HY - Get Free Report)'s stock price traded down 12.3% during mid-day trading on Wednesday . The company traded as low as $38.60 and last traded at $35.0330. 5,418 shares changed hands during trading, a decline of 94% from the average session volume of 91,940 shares. The stock had previously closed at $39.95.

Key Stories Impacting Hyster-Yale

Here are the key news stories impacting Hyster-Yale this week:

• Positive Sentiment: Q1 EPS beat (less bad than feared): HY reported a loss of $1.64 per share versus consensus of about -$2.02, which moderated investor concern on profitability versus expectations. Q1 results summary
• Positive Sentiment: Bookings show early stabilization: Management said Q1 bookings strengthened sequentially (up ~7%), suggesting demand may be bottoming after a cyclical trough — a potential lead indicator for later revenue recovery. Press release
• Positive Sentiment: Analyst upgrade: Zacks lifted HY from "strong sell" to "hold," which can provide some support amid the weak quarter. Zacks upgrade
• Neutral Sentiment: Conference call and transcript available for color: Investors can review management commentary on demand, pricing, and inventory/backlog dynamics to assess recovery timing. Earnings transcript
• Negative Sentiment: Revenue materially missed estimates: Consolidated Q1 revenue was $795.2M vs. consensus ~ $878M, reflecting a 13% year-over-year decline and sequential weakness that pressured the stock. Revenue miss article
• Negative Sentiment: Operating loss and tariff headwinds: Q1 operating loss was ~$28M; management cited roughly $30M of gross tariff costs that worsened results and margin trends. Tariff exposure raises near‑term earnings risk. Tariff and operating loss details
• Negative Sentiment: Product mix and backlog dynamics weighing on pricing: Management noted a shift toward lighter‑duty, lower‑priced trucks and depletion of excess backlog, both of which compress revenue and margins until mix normalizes. Mix and backlog commentary

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Wall Street Zen cut Hyster-Yale from a "hold" rating to a "sell" rating in a report on Saturday, March 7th. Weiss Ratings cut Hyster-Yale from a "hold (c-)" rating to a "sell (d+)" rating in a report on Thursday, March 5th. Northland Securities upgraded Hyster-Yale from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a report on Monday, March 2nd. Finally, Zacks Research upgraded Hyster-Yale from a "strong sell" rating to a "hold" rating in a research note on Monday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $45.00.

Hyster-Yale Stock Performance

The stock has a 50 day simple moving average of $35.26 and a 200 day simple moving average of $33.95. The company has a current ratio of 1.34, a quick ratio of 0.71 and a debt-to-equity ratio of 0.53. The stock has a market cap of $654.85 million, a P/E ratio of -10.76 and a beta of 1.66.

Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The industrial products company reported ($1.64) EPS for the quarter, topping analysts' consensus estimates of ($2.02) by $0.38. 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 for the quarter, compared to analyst estimates of $878.10 million. On average, equities analysts expect that Hyster-Yale, Inc. will post -2.94 earnings per share for the current year.

Hyster-Yale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Friday, February 27th. Hyster-Yale's dividend payout ratio (DPR) is -42.35%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new position in Hyster-Yale during the third quarter valued at approximately $27,000. Kestra Advisory Services LLC acquired a new position in Hyster-Yale during the fourth quarter valued at approximately $61,000. Aquatic Capital Management LLC raised its position in Hyster-Yale by 71.9% during the third quarter. Aquatic Capital Management LLC now owns 3,372 shares of the industrial products company's stock valued at $124,000 after purchasing an additional 1,410 shares in the last quarter. Amundi raised its position in Hyster-Yale by 10.1% during the first quarter. Amundi now owns 4,844 shares of the industrial products company's stock valued at $201,000 after purchasing an additional 444 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in Hyster-Yale by 19.2% during the third quarter. Intech Investment Management LLC now owns 6,443 shares of the industrial products company's stock valued at $237,000 after purchasing an additional 1,036 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Company Profile

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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