Headlines about Hyster-Yale Materials Handling (NYSE:HY) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hyster-Yale Materials Handling earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.6671269309275 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- Hyster-Yale Materials Handling (HY) Downgraded to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Hyster-Yale Materials Handling (HY) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- Hyster-Yale Materials Handling (HY) vs. Colfax (CFX) Head to Head Survey (americanbankingnews.com)
- Yale’s Shelley Bell Named to 2018 Supply & Demand Chain Executive Pros to Know (roboticstomorrow.com)
- Edited Transcript of HY earnings conference call or presentation 28-Feb-18 3:00pm GMT (finance.yahoo.com)
Several equities analysts have recently commented on the stock. Seaport Global Securities raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. Zacks Investment Research raised shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. ValuEngine raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet cut shares of Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a research report on Friday, March 9th. Finally, Robert W. Baird cut shares of Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 price target on the stock. in a research report on Friday, March 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Hyster-Yale Materials Handling currently has an average rating of “Hold” and a consensus target price of $71.33.
Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Tuesday, February 27th. The industrial products company reported $0.97 earnings per share for the quarter, hitting the consensus estimate of $0.97. Hyster-Yale Materials Handling had a net margin of 1.68% and a return on equity of 11.51%. The company had revenue of $795.50 million for the quarter, compared to analysts’ expectations of $755.30 million. analysts anticipate that Hyster-Yale Materials Handling will post 4.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend was Wednesday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 29.80%.
In related news, insider Theodore D. Taplin sold 854 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $69.65, for a total value of $59,481.10. Following the sale, the insider now owns 47,472 shares in the company, valued at $3,306,424.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 26.34% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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