Brokerages expect that Hyster-Yale Materials Handling, Inc. (NYSE:HY) will report sales of $667.20 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hyster-Yale Materials Handling’s earnings, with the highest sales estimate coming in at $677.50 million and the lowest estimate coming in at $656.90 million. Hyster-Yale Materials Handling reported sales of $629.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The business is scheduled to issue its next quarterly earnings report on Tuesday, November 7th.

On average, analysts expect that Hyster-Yale Materials Handling will report full year sales of $667.20 million for the current fiscal year, with estimates ranging from $2.79 billion to $2.83 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $3.06 billion per share, with estimates ranging from $2.89 billion to $3.23 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Hyster-Yale Materials Handling.

HY has been the subject of several recent research reports. Sidoti upgraded shares of Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has a consensus rating of “Hold” and an average price target of $74.75.

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In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,464 shares of the business’s stock in a transaction on Friday, August 25th. The shares were sold at an average price of $68.25, for a total transaction of $99,918.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Susan Sichel sold 1,250 shares of the business’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $64.46, for a total transaction of $80,575.00. Following the sale, the insider now owns 16,850 shares of the company’s stock, valued at approximately $1,086,151. The disclosure for this sale can be found here. 26.34% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in Hyster-Yale Materials Handling during the second quarter valued at $1,032,000. Argent Capital Management LLC bought a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $2,359,000. The Manufacturers Life Insurance Company grew its position in shares of Hyster-Yale Materials Handling by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 8,131 shares of the industrial products company’s stock worth $572,000 after acquiring an additional 648 shares during the last quarter. State Street Corp grew its position in shares of Hyster-Yale Materials Handling by 10.4% during the second quarter. State Street Corp now owns 219,916 shares of the industrial products company’s stock worth $15,446,000 after acquiring an additional 20,740 shares during the last quarter. Finally, Weik Investment Services Inc. bought a new position in shares of Hyster-Yale Materials Handling during the second quarter worth about $211,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Shares of Hyster-Yale Materials Handling (NYSE:HY) traded up 0.17% on Monday, reaching $71.65. 25,581 shares of the company’s stock traded hands. Hyster-Yale Materials Handling has a 52 week low of $47.25 and a 52 week high of $76.48. The stock has a market capitalization of $1.18 billion, a PE ratio of 20.01 and a beta of 1.05. The company has a 50 day moving average of $68.52 and a 200-day moving average of $66.78.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.3025 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.21 annualized dividend and a yield of 1.69%. Hyster-Yale Materials Handling’s payout ratio is 33.80%.

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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Earnings History and Estimates for Hyster-Yale Materials Handling (NYSE:HY)

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