Northland Securities Predicts Hyster-Yale Q2 Earnings

Key Points

• Northland Securities cut its Q2 2026 EPS estimate for Hyster-Yale to ($2.25) from ($1.13), but kept an Outperform rating and a $50 price target.
• Hyster-Yale recently reported ($1.64) EPS for Q1, beating expectations, though revenue of $795.2 million came in below the consensus estimate.
• Despite mixed near-term results, analysts’ longer-term outlook has improved, with estimates calling for a stronger earnings recovery through FY2027-FY2030 and a market consensus rating of Hold.

Hyster-Yale, Inc. (NYSE:HY - Free Report) - Research analysts at Northland Securities decreased their Q2 2026 earnings estimates for shares of Hyster-Yale in a research report issued on Thursday, May 7th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will post earnings of ($2.25) per share for the quarter, down from their previous forecast of ($1.13). Northland Securities has a "Outperform" rating and a $50.00 price objective on the stock. The consensus estimate for Hyster-Yale's current full-year earnings is ($2.75) per share. Northland Securities also issued estimates for Hyster-Yale's Q3 2026 earnings at $0.09 EPS, Q4 2026 earnings at $1.06 EPS, FY2026 earnings at ($2.69) EPS, Q1 2027 earnings at $0.78 EPS, Q2 2027 earnings at $1.16 EPS, Q3 2027 earnings at $0.55 EPS, Q4 2027 earnings at $1.22 EPS, FY2027 earnings at $3.70 EPS, FY2028 earnings at $4.30 EPS, FY2029 earnings at $4.89 EPS and FY2030 earnings at $7.82 EPS.

Other equities analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Hyster-Yale from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. Zacks Research raised shares of Hyster-Yale from a "strong sell" rating to a "hold" rating in a research note on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Hyster-Yale from a "sell (d+)" rating to a "sell (d)" rating in a research note on Wednesday. One equities research analyst has 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.com, Hyster-Yale currently has an average rating of "Hold" and a consensus target price of $45.00.

Hyster-Yale Price Performance

Shares of NYSE:HY opened at $37.06 on Monday. The company's fifty day moving average is $35.20 and its two-hundred day moving average is $33.96. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Hyster-Yale has a 12-month low of $26.41 and a 12-month high of $44.55. The company has a market cap of $663.28 million, a P/E ratio of -6.63 and a beta of 1.66.

Hyster-Yale (NYSE:HY - Get Free Report) last announced its earnings results on Tuesday, May 5th. The industrial products company reported ($1.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.02) by $0.38. Hyster-Yale had a negative net margin of 2.71% and a negative return on equity of 13.96%. The company had revenue of $795.20 million for the quarter, compared to the consensus estimate of $878.10 million.

Hyster-Yale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.9%. Hyster-Yale's dividend payout ratio is -25.76%.

Institutional Investors Weigh In On Hyster-Yale

A number of large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in Hyster-Yale by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 587,683 shares of the industrial products company's stock worth $19,105,000 after purchasing an additional 28,642 shares in the last quarter. Valueworks LLC boosted its holdings in Hyster-Yale by 33.2% in the fourth quarter. Valueworks LLC now owns 399,344 shares of the industrial products company's stock worth $11,865,000 after purchasing an additional 99,538 shares in the last quarter. State Street Corp boosted its holdings in Hyster-Yale by 12.1% in the fourth quarter. State Street Corp now owns 307,794 shares of the industrial products company's stock worth $9,145,000 after purchasing an additional 33,281 shares in the last quarter. Deprince Race & Zollo Inc. bought a new stake in Hyster-Yale in the first quarter worth $8,696,000. Finally, Millennium Management LLC boosted its holdings in Hyster-Yale by 1.5% in the fourth quarter. Millennium Management LLC now owns 224,251 shares of the industrial products company's stock worth $6,662,000 after purchasing an additional 3,401 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale News Summary

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

• Positive Sentiment: Northland Securities kept an Outperform rating on Hyster-Yale and reiterated a $50 target, implying meaningful upside from current levels.
• Positive Sentiment: The firm sharply increased its long-term earnings forecasts, including FY2027 EPS to $3.70, FY2028 to $4.30, FY2029 to $4.89, and FY2030 to $7.82, signaling confidence in a multi-year earnings recovery.
• Positive Sentiment: Analysts also lifted near-to-medium-term estimates, including FY2026 EPS to a smaller loss than previously expected and Q4 2026 EPS to $1.06, which may reassure investors that profitability is improving sooner than feared.
• Neutral Sentiment: A Globe and Mail headline noting analysts are bullish on Hyster-Yale adds to the positive tone, but it does not include additional company-specific details.

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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