Hyster-Yale Materials Handling Inc. (HY) Sees Large Volume Increase
Hyster-Yale Materials Handling Inc. (NYSE:HY) shares saw unusually-high trading volume on Friday . Approximately 86,024 shares traded hands during 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 upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, June 23rd.
The firm has a market cap of $859.12 million and a P/E ratio of 15.21. The stock has a 50-day moving average of $57.85 and a 200 day moving average of $61.29.
Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Monday, August 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.34. The business had revenue of $645.60 million for the quarter, compared to the consensus estimate of $632.33 million. During the same period in the prior year, the company posted $1.39 EPS. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Hyster-Yale Materials Handling Inc. will post $3.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Thursday, September 1st will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $1.18 annualized dividend 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.
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