What is Roth Capital’s Estimate for HY FY2024 Earnings?

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Equities research analysts at Roth Capital lowered their FY2024 earnings per share estimates for Hyster-Yale Materials Handling in a research note issued to investors on Wednesday, November 6th. Roth Capital analyst C. Moore now forecasts that the industrial products company will earn $8.87 per share for the year, down from their prior estimate of $9.91. The consensus estimate for Hyster-Yale Materials Handling’s current full-year earnings is $9.69 per share. Roth Capital also issued estimates for Hyster-Yale Materials Handling’s Q1 2025 earnings at $1.65 EPS, Q2 2025 earnings at $1.94 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.89 EPS and FY2025 earnings at $5.32 EPS.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00). The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same period last year, the business earned $2.06 earnings per share.

HY has been the topic of several other research reports. Roth Mkm decreased their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hyster-Yale Materials Handling Stock Performance

Shares of HY stock opened at $55.62 on Friday. The company has a market capitalization of $973.35 million, a P/E ratio of 5.56 and a beta of 1.32. The business’s 50 day moving average is $62.64 and its two-hundred day moving average is $66.77. The company has a current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53. Hyster-Yale Materials Handling has a 12-month low of $43.64 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.35 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.52%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 14.00%.

Institutional Trading of Hyster-Yale Materials Handling

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC increased its position in Hyster-Yale Materials Handling by 5.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 395 shares during the period. Sei Investments Co. increased its holdings in Hyster-Yale Materials Handling by 106.9% in the 1st quarter. Sei Investments Co. now owns 35,402 shares of the industrial products company’s stock valued at $2,272,000 after purchasing an additional 18,293 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Hyster-Yale Materials Handling by 20.2% in the 1st quarter. Russell Investments Group Ltd. now owns 26,002 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 4,370 shares in the last quarter. Isthmus Partners LLC grew its stake in shares of Hyster-Yale Materials Handling by 33.4% during the first quarter. Isthmus Partners LLC now owns 57,957 shares of the industrial products company’s stock valued at $3,719,000 after acquiring an additional 14,510 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Hyster-Yale Materials Handling by 77.2% during the first quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company’s stock valued at $8,656,000 after acquiring an additional 58,814 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

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.