Hyster-Yale Materials Handling (HY) Expected to Announce Earnings on Tuesday

Hyster-Yale Materials Handling (NYSE:HY) is expected to release its earnings data before the market opens on Tuesday, February 25th. Analysts expect Hyster-Yale Materials Handling to post earnings of $1.38 per share and revenue of $1.02 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Hyster-Yale Materials Handling Stock Up 0.9 %

Shares of Hyster-Yale Materials Handling stock opened at $52.81 on Tuesday. The business has a 50-day moving average price of $52.23 and a 200 day moving average price of $57.72. Hyster-Yale Materials Handling has a fifty-two week low of $48.73 and a fifty-two week high of $84.44. The firm has a market cap of $924.70 million, a P/E ratio of 5.93 and a beta of 1.26. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 2.65%. The ex-dividend date is Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 15.71%.

Hyster-Yale Materials Handling declared that its board has approved a share repurchase program on Monday, November 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to reacquire up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Roth Mkm cut 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 report on Wednesday, November 6th. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.