Northland Securities Expects Weaker Earnings for Hyster-Yale

Hyster-Yale, Inc. (NYSE:HY) – Equities research analysts at Northland Securities reduced their Q4 2027 earnings per share estimates for shares of Hyster-Yale in a research report issued on Thursday, August 6th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will earn $1.09 per share for the quarter, down from their previous estimate of $1.22. The consensus estimate for Hyster-Yale’s current full-year earnings is ($2.75) per share.

Hyster-Yale (NYSE:HY) last issued its earnings results on Tuesday, August 4th. The industrial products company reported ($1.64) earnings per share for the quarter, topping the consensus estimate of ($2.20) by $0.56. The business had revenue of $812.90 million for the quarter, compared to analyst estimates of $804.62 million. Hyster-Yale had a negative return on equity of 21.03% and a negative net margin of 3.33%.

Several other brokerages also recently weighed in on HY. Wall Street Zen downgraded shares of Hyster-Yale from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Hyster-Yale in a research report on Monday. Zacks Research upgraded shares of Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Roth Capital reissued a “buy” rating and issued a $45.00 price target on shares of Hyster-Yale in a research report on Thursday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hyster-Yale has a consensus rating of “Hold” and a consensus price target of $47.50.

Hyster-Yale Stock Performance

Shares of Hyster-Yale stock opened at $36.62 on Friday. The firm has a market capitalization of $656.23 million, a P/E ratio of -5.58 and a beta of 1.62. Hyster-Yale has a 52 week low of $26.41 and a 52 week high of $41.30. The company has a quick ratio of 0.67, a current ratio of 1.28 and a debt-to-equity ratio of 0.66. The firm’s 50 day moving average is $34.72 and its two-hundred day moving average is $35.13.

Hedge Funds Weigh In On Hyster-Yale

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Hyster-Yale by 82.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,137 shares of the industrial products company’s stock worth $1,117,000 after purchasing an additional 16,740 shares in the last quarter. OP Asset Management Ltd purchased a new stake in Hyster-Yale in the 1st quarter valued at approximately $1,833,000. Deprince Race & Zollo Inc. purchased a new stake in Hyster-Yale in the 1st quarter valued at approximately $8,696,000. Impala Asset Management LLC purchased a new stake in Hyster-Yale in the 4th quarter valued at approximately $1,486,000. Finally, Isthmus Partners LLC increased its position in Hyster-Yale by 4.8% during the 1st quarter. Isthmus Partners LLC now owns 60,227 shares of the industrial products company’s stock worth $1,958,000 after purchasing an additional 2,784 shares during the period. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Monday, June 1st were issued a dividend of $0.365 per share. This is a boost from Hyster-Yale’s previous quarterly dividend of $0.36. This represents a $1.46 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. Hyster-Yale’s dividend payout ratio is -22.26%.

About Hyster-Yale

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.