Q2 2024 EPS Estimates for Hyster-Yale Materials Handling, Inc. (NYSE:HY) Boosted by Roth Capital

Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) - Roth Capital raised their Q2 2024 earnings per share (EPS) estimates for shares of Hyster-Yale Materials Handling in a research note issued to investors on Thursday, May 9th. Roth Capital analyst C. Moore now forecasts that the industrial products company will post earnings per share of $2.28 for the quarter, up from their previous estimate of $2.21. The consensus estimate for Hyster-Yale Materials Handling's current full-year earnings is $7.06 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling's Q3 2024 earnings at $1.51 EPS, Q4 2024 earnings at $1.62 EPS, Q1 2025 earnings at $1.99 EPS, Q2 2025 earnings at $2.41 EPS, Q3 2025 earnings at $2.12 EPS and Q4 2025 earnings at $2.08 EPS.

HY has been the topic of a number of other reports. Northland Securities restated a "market perform" rating and issued a $90.00 price target (up from $80.00) on shares of Hyster-Yale Materials Handling in a research report on Friday. StockNews.com lowered Hyster-Yale Materials Handling from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 28th. Roth Mkm reissued a "buy" rating and issued a $87.00 price objective (up previously from $85.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday. Finally, TheStreet cut Hyster-Yale Materials Handling from a "b-" rating to a "c" rating in a report on Monday, March 4th.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE HY traded down $1.37 during midday trading on Friday, reaching $77.64. 170,608 shares of the company traded hands, compared to its average volume of 105,359. The stock's 50-day simple moving average is $61.03 and its 200-day simple moving average is $58.61. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22. Hyster-Yale Materials Handling has a 12 month low of $38.50 and a 12 month high of $79.66. The firm has a market cap of $1.36 billion, a PE ratio of 10.70 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.46 by ($0.03). The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%.

Hyster-Yale Materials Handling Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.35 dividend. This is a boost from Hyster-Yale Materials Handling's previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.80%. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is currently 17.93%.

Insider Buying and Selling

In related news, insider Frank F. Taplin sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the transaction, the insider now directly owns 378,872 shares in the company, valued at $22,220,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Frank F. Taplin sold 5,000 shares of the business's stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the completion of the transaction, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $58.10, for a total transaction of $680,932.00. Following the completion of the sale, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The disclosure for this sale can be found here. Corporate insiders own 33.93% of the company's stock.

Institutional Trading of Hyster-Yale Materials Handling

Several hedge funds have recently added to or reduced their stakes in the business. Strs Ohio lifted its stake in Hyster-Yale Materials Handling by 17.1% in the third quarter. Strs Ohio now owns 13,700 shares of the industrial products company's stock valued at $610,000 after buying an additional 2,000 shares in the last quarter. Mcdonald Partners LLC raised its holdings in shares of Hyster-Yale Materials Handling by 18.7% in the 3rd quarter. Mcdonald Partners LLC now owns 47,144 shares of the industrial products company's stock valued at $2,102,000 after purchasing an additional 7,433 shares during the period. Teacher Retirement System of Texas lifted its stake in Hyster-Yale Materials Handling by 214.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 17,446 shares of the industrial products company's stock valued at $778,000 after purchasing an additional 11,901 shares during the last quarter. EFG Asset Management North America Corp. grew its holdings in Hyster-Yale Materials Handling by 50.8% during the third quarter. EFG Asset Management North America Corp. now owns 23,054 shares of the industrial products company's stock worth $1,029,000 after purchasing an additional 7,767 shares during the period. Finally, NBC Securities Inc. acquired a new position in Hyster-Yale Materials Handling during the third quarter worth approximately $334,000. Institutional investors and hedge funds own 46.47% of the company's stock.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, 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.