Northland Securities Comments on Hyster-Yale Q1 Earnings

Hyster-Yale, Inc. (NYSE:HY) – Research analysts at Northland Securities lifted their Q1 2027 EPS estimates for Hyster-Yale in a research note issued on Monday, November 9th. Northland Securities analyst T. Jackson now anticipates that the industrial products company will post earnings of $0.80 per share for the quarter, up from their previous forecast of $0.65. The consensus estimate for Hyster-Yale’s current full-year earnings is ($2.91) per share.

Hyster-Yale (NYSE:HY) last released its earnings results on Thursday, November 5th. The industrial products company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.59) by ($0.18). The business had revenue of $827.40 million for the quarter, compared to the consensus estimate of $926.45 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 commented on HY. Roth Capital reissued a “buy” rating and set a $45.00 target price on shares of Hyster-Yale in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d)” rating on shares of Hyster-Yale in a research note on Friday, October 30th. Finally, Wall Street Zen lowered shares of Hyster-Yale from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.50.

Hyster-Yale Stock Performance

Hyster-Yale stock opened at $29.18 on Tuesday. Hyster-Yale has a 12-month low of $26.41 and a 12-month high of $41.30. The company has a current ratio of 1.28, a quick ratio of 0.65 and a debt-to-equity ratio of 0.66. The business’s 50-day moving average price is $31.43 and its two-hundred day moving average price is $34.17.

Hyster-Yale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $0.3650 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.46 dividend on an annualized basis and a yield of 5.0%. Hyster-Yale’s payout ratio is currently -20.11%.

Hedge Funds Weigh In On Hyster-Yale

A number of institutional investors and hedge funds have recently bought and sold shares of HY. Dimensional Fund Advisors LP boosted its stake in shares of Hyster-Yale by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 587,683 shares of the industrial products company’s stock valued at $19,105,000 after purchasing an additional 28,642 shares in the last quarter. Cooper Haims Advisors LLC bought a new stake in shares of Hyster-Yale during the second quarter worth about $898,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Hyster-Yale during the second quarter worth about $775,000. Bank of America Corp DE increased its stake in shares of Hyster-Yale by 14.2% in the first quarter. Bank of America Corp DE now owns 31,867 shares of the industrial products company’s stock valued at $1,036,000 after buying an additional 3,951 shares during the period. Finally, Amundi increased its stake in shares of Hyster-Yale by 38.9% in the first quarter. Amundi now owns 12,520 shares of the industrial products company’s stock valued at $407,000 after buying an additional 3,507 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Hyster-Yale

Hyster-Yale, Inc is a global manufacturer of materials-handling equipment. Through its Hyster and Yale brands, the company designs, engineers, manufactures, sells and services lift trucks and related warehouse equipment used to move, store and manage materials in industrial, manufacturing, distribution and logistics operations.

Its product portfolio includes electric, internal-combustion engine and other lift trucks, as well as warehouse equipment such as pallet trucks, stackers and reach trucks.