HY Stock

In the closing of the recent trading day, Hyster-Yale (HY) stood at $53.87, denoting a +0.32% change from the preceding trading day.

In the most recent trading session, Hyster-Yale (HY) closed at $51.83, indicating a +1.17% shift from the previous trading day.

I am turning more constructive on Hyster-Yale Materials Handling, Inc. given its current valuation of 5x EBIT and potential for upside correction. HY's stock has suffered from overly pessimistic investor expectations, trading at an 80% discount to the sector despite comparable industry performance. Management's efforts to improve operating ratios and shed capital have positioned HY for potential margin decompression and higher ROICs, supporting a $73-$74/share valuation.

In the most recent trading session, Hyster-Yale (HY) closed at $50.22, indicating a +0.1% shift from the previous trading day.

Hyster-Yale (HY) concluded the recent trading session at $50.24, signifying a -1.35% move from its prior day's close.

Maker of Hyster and Yale industrial trucks plans to satisfy American manufacturing criteria for equipment used in federally funded infrastructure projects Maker of Hyster and Yale industrial trucks plans to satisfy American manufacturing criteria for equipment used in federally funded infrastructure projects

CLEVELAND , Nov. 13, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that the Board of Directors declared a regular cash dividend of 35 cents per share. The dividend is payable on both the Class A and Class B Common Stock and will be paid December 13, 2024, to stockholders of record at the close of business on November 29, 2024.

Hyster-Yale (HY) came out with quarterly earnings of $0.97 per share, missing the Zacks Consensus Estimate of $1.97 per share. This compares to earnings of $2.06 per share a year ago.

Q3 2024 Consolidated Highlights:   Ongoing solid execution in seasonally lower third quarter Continued year-over-year revenue growth led by Americas Lift Truck and Bolzoni Operating Profit of $33.1 million below exceptionally strong Q3 2023 results Net Income of $17.2 million compared to $35.8 million in Q3 2023 Generated $70 million of cash from operations in Q3 2024 CLEVELAND , Nov. 5, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) reported the following consolidated results for the three months ended September 30, 2024. Three Months Ended ($ in millions except per share amounts) 9/30/24 9/30/23 % Change 6/30/24 % Change Revenues $1,016.1 $1,001.2 2 % $1,168.1 (13) % Operating Profit $33.1 $58.6 (44) % $95.6 (65) % Net Income $17.2 $35.8 (52) % $63.3 (73) % Diluted Earnings per Share $0.97 $2.06 (53) % $3.58 (73) % Lift Truck Business Results Revenues by geographic segment were as follows: ($ in millions) Q3 2024 Q3 2023 % Change Q2 2024 % Change Revenues $967.4 $952.0 2 % $1,118.0 (13) %    Americas(1) $771.1 $716.5 8 % $881.5 (13) %    EMEA(1) $145.0 $183.9 (21) % $187.8 (23) %    JAPIC(1) $51.3 $51.6 (1) % $48.7 5 % (1) The Americas segment includes the North America, Latin America and Brazil markets, EMEA includes operations in the Europe, Middle East and Africa markets, and JAPIC includes operations in the Asia and Pacific markets, including China.