What is Northland Capmk’s Forecast for HY FY2024 Earnings?

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Analysts at Northland Capmk decreased their FY2024 earnings per share estimates for shares of Hyster-Yale Materials Handling in a report issued on Wednesday, November 6th. Northland Capmk analyst E. Jackson now expects that the industrial products company will post earnings of $8.82 per share for the year, down from their prior forecast of $9.47. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share. Northland Capmk also issued estimates for Hyster-Yale Materials Handling’s Q4 2024 earnings at $1.36 EPS, Q1 2025 earnings at $1.67 EPS, FY2025 earnings at $5.46 EPS, FY2026 earnings at $5.94 EPS and FY2027 earnings at $6.38 EPS.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00). Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business earned $2.06 EPS.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday. Roth Mkm reduced their target price on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $80.00.

Hyster-Yale Materials Handling Stock Down 4.0 %

Shares of NYSE:HY opened at $53.38 on Friday. The company has a market cap of $934.15 million, a price-to-earnings ratio of 5.99 and a beta of 1.32. Hyster-Yale Materials Handling has a 12 month low of $43.98 and a 12 month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $62.45 and a 200 day moving average price of $66.76.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 15.71%.

Institutional Trading of Hyster-Yale Materials Handling

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its position in shares of Hyster-Yale Materials Handling by 63.7% in the 2nd quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock worth $15,390,000 after purchasing an additional 85,906 shares during the period. American Century Companies Inc. lifted its stake in shares of Hyster-Yale Materials Handling by 149.8% during the 2nd quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock worth $10,546,000 after purchasing an additional 90,696 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Hyster-Yale Materials Handling by 298.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock valued at $8,479,000 after purchasing an additional 98,996 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hyster-Yale Materials Handling by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 115,550 shares of the industrial products company’s stock valued at $8,057,000 after buying an additional 2,619 shares during the last quarter. Finally, Swedbank AB purchased a new stake in shares of Hyster-Yale Materials Handling during the first quarter valued at about $5,519,000. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Company Profile

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.