Northland Capmk Brokers Decrease Earnings Estimates for HY

Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) - Equities researchers at Northland Capmk lowered their FY2027 earnings estimates for Hyster-Yale Materials Handling in a report issued on Monday, May 12th. Northland Capmk analyst E. Jackson now forecasts that the industrial products company will post earnings per share of $3.45 for the year, down from their prior forecast of $3.79. The consensus estimate for Hyster-Yale Materials Handling's current full-year earnings is $8.85 per share.

Separately, StockNews.com cut Hyster-Yale Materials Handling from a "buy" rating to a "hold" rating in a research report on Thursday, May 8th.

Hyster-Yale Materials Handling Price Performance

HY stock traded down $0.07 on Tuesday, hitting $42.72. 103,063 shares of the company's stock traded hands, compared to its average volume of 82,373. The stock has a market cap of $755.98 million, a price-to-earnings ratio of 4.79 and a beta of 1.49. Hyster-Yale Materials Handling has a 1-year low of $34.13 and a 1-year high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $40.77 and a 200-day moving average of $48.90.

Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The firm had revenue of $910.40 million during the quarter, compared to analyst estimates of $947.80 million.

Hyster-Yale Materials Handling Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Friday, May 30th. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.37%. Hyster-Yale Materials Handling's payout ratio is currently 24.96%.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

Several hedge funds have recently added to or reduced their stakes in the stock. Scotia Capital Inc. increased its stake in shares of Hyster-Yale Materials Handling by 0.7% during the fourth quarter. Scotia Capital Inc. now owns 31,873 shares of the industrial products company's stock worth $1,623,000 after purchasing an additional 223 shares during the period. Isthmus Partners LLC increased its position in Hyster-Yale Materials Handling by 0.5% in the 4th quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company's stock valued at $2,403,000 after acquiring an additional 238 shares during the period. US Bancorp DE raised its holdings in Hyster-Yale Materials Handling by 15.2% during the 1st quarter. US Bancorp DE now owns 1,989 shares of the industrial products company's stock worth $83,000 after purchasing an additional 263 shares during the last quarter. Amundi increased its holdings in Hyster-Yale Materials Handling by 10.1% in the first quarter. Amundi now owns 4,844 shares of the industrial products company's stock worth $201,000 after purchasing an additional 444 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Hyster-Yale Materials Handling by 17.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company's stock valued at $154,000 after buying an additional 448 shares during the period. Institutional investors and hedge funds own 46.47% of the company's stock.

About Hyster-Yale Materials Handling

Hyster-Yale, 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.