$755.30 Million in Sales Expected for Hyster-Yale Materials Handling Inc (HY) This Quarter

Analysts expect that Hyster-Yale Materials Handling Inc (NYSE:HY) will report $755.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hyster-Yale Materials Handling’s earnings, with the highest sales estimate coming in at $763.50 million and the lowest estimate coming in at $747.10 million. Hyster-Yale Materials Handling posted sales of $690.60 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The company is scheduled to report its next earnings report after the market closes on Tuesday, February 27th.

On average, analysts expect that Hyster-Yale Materials Handling will report full-year sales of $755.30 million for the current financial year, with estimates ranging from $2.84 billion to $2.85 billion. For the next fiscal year, analysts forecast that the firm will report sales of $3.13 billion per share, with estimates ranging from $2.98 billion to $3.29 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Hyster-Yale Materials Handling.

HY has been the topic of several recent research reports. ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and a consensus target price of $74.00.

Hyster-Yale Materials Handling (NYSE:HY) traded down $1.15 during trading on Tuesday, reaching $80.02. The company had a trading volume of 50,912 shares, compared to its average volume of 39,754. Hyster-Yale Materials Handling has a fifty-two week low of $53.50 and a fifty-two week high of $93.90. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1,330.00, a P/E ratio of 20.89 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.3025 per share. The ex-dividend date is Wednesday, February 28th. This represents a $1.21 annualized dividend and a dividend yield of 1.51%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 31.59%.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,178 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total transaction of $99,423.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 26.34% of the company’s stock.

Several large investors have recently bought and sold shares of HY. Teachers Advisors LLC lifted its position in shares of Hyster-Yale Materials Handling by 68.1% during the second quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock worth $1,982,000 after acquiring an additional 11,424 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Hyster-Yale Materials Handling by 44.7% in the second quarter. TIAA CREF Investment Management LLC now owns 36,405 shares of the industrial products company’s stock worth $2,557,000 after purchasing an additional 11,250 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 347.5% in the second quarter. Ameriprise Financial Inc. now owns 21,346 shares of the industrial products company’s stock worth $1,499,000 after purchasing an additional 16,576 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 3.9% in the second quarter. Vanguard Group Inc. now owns 659,764 shares of the industrial products company’s stock worth $46,348,000 after purchasing an additional 24,805 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Hyster-Yale Materials Handling by 5.8% in the second quarter. Parametric Portfolio Associates LLC now owns 36,483 shares of the industrial products company’s stock worth $2,563,000 after purchasing an additional 2,012 shares during the period. Hedge funds and other institutional investors own 51.40% of the company’s stock.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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