Q2 2024 Consolidated Highlights: Continued consolidated revenue growth of more than 7% over Q2 2023 Operating profit of $95.6 million, up 63% from Q2 2023, and ahead of expectations Operating profit margin of 8.2%, up from 5.4% in Q2 2023 Net income of $63.3 million, up 65%, from Q2 2023 CLEVELAND, Aug. 6, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended June 30, 2024. | --- | --- | --- | --- | --- | --- | |----------------------------- ...

In conjunction with this release, the Company will host a webcast with the financial community at 11:00 a.m. ET on Wednesday, August 7, 2024, to discuss the financial results. Access to the live audio webcast will be available on the Company's website. About Hyster-Yale, Inc. The Company's wholly owned operating subsidiary, Hyster-Yale Materials Handling, Inc., designs, engineers, manufactures, sells and services a comprehensive line of lift trucks, attachments and aftermarket parts marketed globally primar ...

The most recent trading session ended with Hyster-Yale (HY) standing at $78.14, reflecting a +1.05% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. On the other hand, the Dow registered a gain of 1.64%, and the technology-centric Nasdaq increased by 1.03%. Investors will be eagerly watching for the performance of Hyster-Yale in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.28, m ...

Company Performance - Hyster-Yale's stock closed at $75.70, reflecting a 1.5% increase from the previous trading session, outperforming the S&P 500 which saw a loss of 0.16% [1] - The stock has risen by 4.82% over the past month, surpassing the Industrial Products sector's gain of 3.98% and the S&P 500's gain of 1.96% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $2.28, a 3.17% increase compared to the same quarter last year, with projected net sales of $1.08 billion, down 0.93% from the previous year [2] - For the entire year, the forecasted earnings are $8.30 per share and revenue of $4.26 billion, indicating increases of 14.64% and 3.42% respectively compared to the previous year [3] Analyst Estimates and Valuation - Recent adjustments to analyst estimates for Hyster-Yale are important as they reflect short-term business dynamics, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks Hyster-Yale at 3 (Hold), with the Forward P/E ratio at 8.99, indicating a discount compared to the industry's average Forward P/E of 10.51 [6] Industry Context - Hyster-Yale operates within the Manufacturing - Construction and Mining industry, which is part of the Industrial Products sector, currently holding a Zacks Industry Rank of 100, placing it in the top 40% of over 250 industries [7]

In the latest trading session, Hyster-Yale (HY) closed at $73.34, marking a -1.53% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 1.39%. At the same time, the Dow added 0.6%, and the tech-heavy Nasdaq lost 2.77%. Shares of the maker of lift trucks and aftermarket parts witnessed a gain of 0.03% over the previous month, trailing the performance of the Industrial Products sector with its gain of 6.64% and the S&P 500's gain of 4.43%. For the full year, the Zacks Con ...

The latest trading session saw Hyster-Yale (HY) ending at $68.59, denoting a +0.4% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.55%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.63%. The investment community will be paying close attention to the earnings performance of Hyster-Yale in its upcoming release. It is anticipated that the company will report an EPS of $2.28, marking a 3.17% rise compared to the same quarter of ...

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estima ...

Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Hyster-Yale Materials (HY) is headquartered in Cleveland, and is in the Industrial Products sector. The stock has seen a price change of 11.93% since the start of the year. The maker of lift trucks and aftermarket parts is paying out a dividend of $0.35 per sh ...

Market participants will be closely following the financial results of Hyster-Yale Materials in its upcoming release. In that report, analysts expect Hyster-Yale Materials to post earnings of $2.28 per share. This would mark year-over-year growth of 3.17%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.08 billion, indicating a 0.93% decrease compared to the same quarter of the previous year. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy ...

The maker of lift trucks and aftermarket parts's shares have seen a decrease of 1.91% over the last month, surpassing the Industrial Products sector's loss of 5.33% and falling behind the S&P 500's gain of 3.11%. Investors should also take note of any recent adjustments to analyst estimates for Hyster-Yale Materials. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's busin ...