Hyster-Yale, Inc. (HY) to Issue Quarterly Dividend of $0.37 on June 16th

Hyster-Yale, Inc. (NYSE:HY) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Monday, June 1st will be given a dividend of 0.365 per share by the industrial products company on Tuesday, June 16th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Monday, June 1st. This is a 1.4% increase from Hyster-Yale’s previous quarterly dividend of $0.36.

Hyster-Yale has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 1 years. Hyster-Yale has a dividend payout ratio of 50.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hyster-Yale to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 70.5%.

Hyster-Yale Stock Down 0.4%

HY opened at $36.17 on Friday. The stock has a market cap of $648.02 million, a PE ratio of -6.47 and a beta of 1.66. The company has a quick ratio of 0.67, a current ratio of 1.31 and a debt-to-equity ratio of 0.58. Hyster-Yale has a 52 week low of $26.41 and a 52 week high of $44.55. The business’s fifty day simple moving average is $35.31 and its 200 day simple moving average is $33.86.

Hyster-Yale (NYSE:HY) last released its earnings results on Tuesday, May 5th. The industrial products company reported ($1.64) EPS for the quarter, beating analysts’ consensus estimates of ($2.02) by $0.38. The business had revenue of $795.20 million for the quarter, compared to analysts’ expectations of $878.10 million. Hyster-Yale had a negative return on equity of 13.96% and a negative net margin of 2.71%. As a group, research analysts expect that Hyster-Yale will post -2.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HY has been the topic of a number of research analyst reports. Weiss Ratings cut Hyster-Yale from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 6th. Zacks Research raised Hyster-Yale from a “strong sell” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen cut Hyster-Yale from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Finally, Northland Securities raised Hyster-Yale from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, March 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.00.

Hyster-Yale Company Profile

Hyster-Yale Materials Handling, Inc is a global manufacturer and distributor of a wide range of industrial lift trucks, container handlers and aftermarket parts and services. Operating under the Hyster and Yale brand names, the company designs, engineers and assembles counterbalanced lift trucks, narrow-aisle trucks and specialty vehicles for clients in distribution, manufacturing, retail and warehousing.

The company’s product portfolio includes electric, diesel and LPG-powered forklifts, as well as reach stackers, empty container handlers and terminal tractors.