Northland Securities Cuts Earnings Estimates for Hyster-Yale

Key Points

• Northland Securities sharply lowered Hyster-Yale’s earnings forecasts, projecting a Q3 2026 loss of $1.11 per share versus its prior estimate of $0.09 profit and a FY2026 loss of $4.40 per share.
• Despite the near-term outlook weakening, Northland still expects a return to profitability in FY2027, forecasting $2.45 per share, followed by continued earnings growth through FY2030.
• Hyster-Yale’s latest quarter beat expectations, with revenue of $812.9 million and an adjusted loss of $1.64 per share versus estimates of $804.6 million and a $2.20 loss; analysts’ average rating remains “Hold,” with a $47.50 consensus price target.

Hyster-Yale, Inc. (NYSE:HY - Free Report) - Investment analysts at Northland Securities decreased their Q3 2026 earnings estimates for Hyster-Yale in a research note issued to investors on Thursday, August 6th. Northland Securities analyst T. Jackson now expects that the industrial products company will post earnings per share of ($1.11) for the quarter, down from their prior estimate of $0.09. The consensus estimate for Hyster-Yale's current full-year earnings is ($3.66) per share. Northland Securities also issued estimates for Hyster-Yale's Q4 2026 earnings at $0.18 EPS, FY2026 earnings at ($4.40) EPS, Q1 2027 earnings at $0.29 EPS, Q2 2027 earnings at $0.83 EPS, Q3 2027 earnings at $0.24 EPS, FY2027 earnings at $2.45 EPS, FY2028 earnings at $3.31 EPS, FY2029 earnings at $3.82 EPS and FY2030 earnings at $4.53 EPS.

Several other brokerages also recently commented on HY. Zacks Research raised Hyster-Yale from a "strong sell" rating to a "hold" rating in a report on Monday, May 4th. Roth Capital reissued a "buy" rating and issued a $45.00 price target on shares of Hyster-Yale in a research note on Thursday. Wall Street Zen downgraded Hyster-Yale from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Hyster-Yale in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $47.50.

Hyster-Yale Stock Performance

Shares of NYSE HY opened at $36.85 on Monday. The company has a quick ratio of 0.65, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $660.28 million, a price-to-earnings ratio of -5.62 and a beta of 1.62. The stock's fifty day simple moving average is $34.73 and its 200 day simple moving average is $35.15. Hyster-Yale has a 52-week low of $26.41 and a 52-week high of $41.30.

Hyster-Yale (NYSE:HY - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.20) by $0.56. The company had revenue of $812.90 million for the quarter, compared to analysts' expectations of $804.62 million. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%.

Hyster-Yale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Monday, June 1st were issued a dividend of $0.365 per share. The ex-dividend date was Monday, June 1st. This represents a $1.46 annualized dividend and a dividend yield of 4.0%. This is an increase from Hyster-Yale's previous quarterly dividend of $0.36. Hyster-Yale's dividend payout ratio is presently -22.26%.

Institutional Trading of Hyster-Yale

Several hedge funds and other institutional investors have recently modified their holdings of HY. Optiver Holding B.V. purchased a new position in Hyster-Yale in the first quarter valued at about $33,000. Kestra Advisory Services LLC purchased a new stake in shares of Hyster-Yale during the 4th quarter worth about $61,000. Aquatic Capital Management LLC lifted its holdings in shares of 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 buying an additional 1,410 shares during the last quarter. Amundi lifted its holdings in shares of 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 buying an additional 444 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Hyster-Yale in the 1st quarter valued at approximately $204,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Hyster-Yale

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

• Positive Sentiment: Northland still projects Hyster-Yale will return to profitability after an estimated FY2026 loss, with EPS forecasts of $2.45 in FY2027, $3.31 in FY2028, $3.82 in FY2029 and $4.53 in FY2030. This indicates analysts continue to expect a long-term recovery, although at lower levels than previously forecast.
• Neutral Sentiment: The company’s latest quarterly results exceeded expectations, with revenue of $812.9 million versus the $804.6 million consensus estimate and an adjusted loss of $1.64 per share compared with the expected $2.20 loss. However, Hyster-Yale remains unprofitable, with analysts expecting a full-year loss of approximately $2.75 per share.
• Negative Sentiment: Northland cut its Q3 2026 EPS forecast from $0.09 to a loss of $1.11 and reduced its FY2026 forecast to a $4.40 loss from a $2.69 loss. The firm also lowered its Q4 2026 estimate to $0.18 from $1.06, signaling substantially weaker near-term earnings expectations.
• Negative Sentiment: Estimates for 2027 were reduced to $0.29 EPS for Q1, $0.83 for Q2 and $0.24 for Q3, while the FY2027 forecast fell to $2.45 from $3.70. Longer-term forecasts were also cut, including FY2028 EPS to $3.31 from $4.30, FY2029 to $3.82 from $4.89, and FY2030 to $4.53 from $7.82. These repeated downward revisions are the primary bearish catalyst for HY. Q4 EPS Estimates for Hyster-Yale Decreased by Analyst

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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