Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. It also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, the company produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, it designs, manufactures, and sells hydrogen fuel-cell stacks and engines. The company serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. Hyster-Yale Materials Handling, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.
Analyst Ratings Changes
Separately, StockNews.com raised Hyster-Yale Materials Handling from a "sell" rating to a "hold" rating in a research report on Saturday, May 14th.
Hyster-Yale Materials Handling Trading Down 1.8 %
Shares of NYSE:HY traded down $0.57 during midday trading on Monday, reaching $31.90. The company's stock had a trading volume of 1,773 shares, compared to its average volume of 73,202. The firm has a market cap of $539.40 million, a price-to-earnings ratio of -2.44 and a beta of 1.01. The company has a quick ratio of 0.51, a current ratio of 1.11 and a debt-to-equity ratio of 1.35. Hyster-Yale Materials Handling has a 1 year low of $29.95 and a 1 year high of $62.43. The business has a 50 day moving average price of $34.47 and a 200 day moving average price of $35.50.
Hyster-Yale Materials Handling (NYSE:HY - Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported ($1.15) earnings per share (EPS) for the quarter. Hyster-Yale Materials Handling had a negative net margin of 6.81% and a negative return on equity of 46.64%. The firm had revenue of $895.40 million for the quarter.
Hyster-Yale Materials Handling Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.3225 per share. This represents a $1.29 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date was Tuesday, May 31st. This is an increase from Hyster-Yale Materials Handling's previous quarterly dividend of $0.32. Hyster-Yale Materials Handling's payout ratio is -9.66%.