Hyster-Yale Materials Handling (NYSE:HY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Hyster-Yale Materials Handling (NYSE:HY) posted its quarterly earnings data on Tuesday. The industrial products company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09, Zacks reports. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%.

Hyster-Yale Materials Handling Stock Up 2.1 %

NYSE:HY traded up $1.06 during mid-day trading on Tuesday, reaching $51.67. The stock had a trading volume of 76,135 shares, compared to its average volume of 66,339. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock has a market cap of $904.64 million, a P/E ratio of 5.80 and a beta of 1.26. Hyster-Yale Materials Handling has a fifty-two week low of $48.73 and a fifty-two week high of $84.44. The business’s 50 day moving average is $52.04 and its 200 day moving average is $57.24.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 15.71%.

Hyster-Yale Materials Handling announced that its Board of Directors has approved a stock buyback plan on Monday, November 18th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Roth Mkm lowered their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and a consensus target price of $80.00.

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.