GREENVILLE, N.C., March 04, 2025 (GLOBE NEWSWIRE) -- Hyster announces an expanded lineup of high-capacity electric forklifts that offer the configurability to match a range of heavy-duty applications. The integrated lithium-ion battery power of the Hyster® J230-400XD series provides the performance and rugged reliability required by demanding environments, while offering a zero-emission alternative to internal combustion engine (ICE) power.
Hyster-Yale, Inc. (NYSE:HY ) Q4 2024 Results Conference Call February 26, 2025 11:00 AM ET Company Participants Andrea Sejba - IR Director Rajiv Prasad - President & Chief Executive Officer Scott Minder - Senior Vice President, Chief Financial Officer & Treasurer Al Rankin - Executive Chairman Conference Call Participants Ted Jackson - Northland Securities Operator Good morning, ladies and gentlemen, and welcome to the Hyster-Yale, Inc. Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
Hyster-Yale (HY) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.43 per share a year ago.
In the most recent trading session, Hyster-Yale (HY) closed at $53.44, indicating a -1.67% shift from the previous trading day.
Hyster-Yale (HY) reachead $54.35 at the closing of the latest trading day, reflecting a +1.02% change compared to its last close.
In the closing of the recent trading day, Hyster-Yale (HY) stood at $52.60, denoting a +0.9% change from the preceding trading day.
Hyster-Yale (HY) closed at $52.93 in the latest trading session, marking a +1.87% move from the prior day.
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.