Hyster-Yale Materials Handling, Inc. (NYSE:HY) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.18 per share from revenue of $ 639.40 million.
Looking ahead, the full year income are expected at $ 1.57 per share on the revenues of $ 2796.90 million.
Previous Quarter Performance
Hyster-Yale Materials Handling, Inc. unveiled income for the second quarter of $ 0.21 per share, from the revenue of $ 654.40 million. The quarterly earnings declined 74.07 percent while revenues declined 22.27 percent compared with the same quarter last year. The top line results fell short of analysts by $ 67.5 million or 9.35 percent.
Stock Performance
Shares of Hyster-Yale Materials Handling, Inc. traded up $ 0.64 or 1.51 percent on Monday, reaching $ 43.04 with volume of 43.90 thousand shares. Hyster-Yale Materials Handling, Inc. has traded high as $ 43.24 and has cracked $ 41.70 on the downward trend
The closing price of $ 43.04, representing a 40.17 % increase from the 52 week low of $ 30.25 and a 35.18 % decrease over the 52 week high of $ 65.41.
The company has a market capital of $ 722.94 million and is part of the Industrials sector and Truck Manufacturing industry.
Recent Stock Dividend Announcement
On August 12, 2020, the board of directors authorized quarterly dividend of $ 0.3175 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Hyster-Yale Materials Handling, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
