Hyster-Yale Materials Handling, Inc. to Post Q3 2017 Earnings of $0.49 Per Share, Seaport Global Securities Forecasts (HY)

Hyster-Yale Materials Handling, Inc. (NYSE:HY) – Seaport Global Securities cut their Q3 2017 earnings per share (EPS) estimates for Hyster-Yale Materials Handling in a research note issued to investors on Wednesday. Seaport Global Securities analyst M. Shlisky now forecasts that the industrial products company will post earnings of $0.49 per share for the quarter, down from their previous estimate of $0.50. Seaport Global Securities also issued estimates for Hyster-Yale Materials Handling’s FY2017 earnings at $3.24 EPS, Q3 2018 earnings at $1.31 EPS, FY2018 earnings at $5.36 EPS and FY2019 earnings at $6.84 EPS.

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HY has been the subject of several other reports. Zacks Investment Research downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. ValuEngine downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Finally, Sidoti reissued a “neutral” rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $74.00.

Hyster-Yale Materials Handling (HY) opened at 81.82 on Thursday. The stock has a market capitalization of $1.35 billion, a PE ratio of 22.85 and a beta of 1.06. Hyster-Yale Materials Handling has a 52 week low of $49.84 and a 52 week high of $82.32. The stock’s 50 day moving average is $75.08 and its 200-day moving average is $70.21.

In related news, insider Frank F. Taplin sold 1,464 shares of the company’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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider Susan Sichel sold 1,250 shares of the company’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $64.46, for a total transaction of $80,575.00. Following the sale, the insider now directly owns 16,850 shares of the company’s stock, valued at $1,086,151. The disclosure for this sale can be found here. Insiders own 26.34% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of HY. SG Americas Securities LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 1st quarter worth $110,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Hyster-Yale Materials Handling by 519.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock worth $114,000 after buying an additional 1,362 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock worth $149,000 after buying an additional 319 shares during the period. Comerica Bank bought a new stake in shares of Hyster-Yale Materials Handling during the 1st quarter worth $205,000. Finally, Weik Investment Services Inc. bought a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth $211,000. 51.54% of the stock is owned by institutional investors and hedge funds.

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.

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

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