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.
Hyster-Yale Materials Handling Price Performance
NYSE:HY opened at $33.77 on Wednesday. The firm's fifty day simple moving average is $33.73 and its 200 day simple moving average is $35.13. The company has a current ratio of 1.11, a quick ratio of 0.51 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 $60.38.
Hyster-Yale Materials Handling (NYSE:HY - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The industrial products company reported ($1.15) EPS for the quarter. The company had revenue of $895.40 million during the quarter. Hyster-Yale Materials Handling had a negative net margin of 6.81% and a negative return on equity of 46.64%.
Hyster-Yale Materials Handling Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.322 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $1.29 annualized dividend and a yield of 3.81%. Hyster-Yale Materials Handling's dividend payout ratio is currently -9.66%.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Hyster-Yale Materials Handling from a "sell" rating to a "hold" rating in a research report on Saturday, May 14th.