Hyster-Yale Materials Handling Inc. (HY) Sees Unusually-High Trading Volume
Hyster-Yale Materials Handling Inc. (NYSE:HY) shares saw unusually-strong trading volume on Friday . Approximately 86,024 shares changed hands during mid-day trading, an increase of 36% from the previous session’s volume of 63,392 shares.The stock last traded at $52.30 and had previously closed at $51.67.
Separately, Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Wednesday, June 29th.
The firm’s 50-day moving average price is $57.85 and its 200-day moving average price is $61.29. The stock has a market capitalization of $859.12 million and a price-to-earnings ratio of 15.21.
Hyster-Yale Materials Handling (NYSE:HY) last announced its earnings results on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.34. During the same period in the previous year, the company earned $1.39 EPS. The company had revenue of $645.60 million for the quarter, compared to analysts’ expectations of $632.33 million. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Hyster-Yale Materials Handling Inc. will post $3.41 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Thursday, September 1st will be given a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.18 dividend on an annualized basis and a yield of 2.25%.
Hyster-Yale Materials Handling, Inc, and its subsidiaries, design, engineer, manufacture, sell and service lift trucks and aftermarket parts. The Company markets its lift trucks and aftermarket parts under the Hyster and Yale brand names. The Company also operates through Nuvera Fuel Cells, Inc (Nuvera), which is an alternative-power technology company focused on fuel-cell stacks and related systems.