Hyster-Yale Materials Handling Inc (HY) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Hyster-Yale Materials Handling Inc (HY) reported quarterly earnings results on Wednesday, Apr-27-2016. The company reported $0.61 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $0.63. The company posted revenue of $604.20 million in the period, compared to analysts expectations of $618.80 million. The company’s revenue was down -2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS.

Many Wall Street Analysts have commented on Hyster-Yale Materials Handling Inc. Hyster-Yale Materials Handling Inc was Initiated by Berenberg to “Hold” on Mar 17, 2016.

Hyster-Yale Materials Handling Inc opened for trading at $69.88 and hit $69.96 on the upside on Friday, eventually ending the session at $69.65, with a gain of 0.01% or 0.01 points. The heightened volatility saw the trading volume jump to 43,835 shares. Company has a market cap of $1,412 M.

In a different news, on May 12, 2015, Gregory Breier (Vice President-Tax) sold 1,250 shares at $74.00 per share price.

Hyster-Yale Materials Handling Inc. is an integrated designer engineer manufacturer seller and servicer of lift trucks and aftermarket parts. The Company along with its subsidiaries NACCO Materials Handling Group Inc. provides lift trucks and aftermarket parts marketed under the Hyster and Yale brand names. The Company operates in four segments: the Americas Europe Asia-Pacific and Nuvera. The Company’s lift truck business includes the following three management units: the Americas Europe and Asia-Pacific segments. The Americas segment includes its operations in the United States Canada Mexico Brazil and Latin America among others. The Europe segment includes its operations in Europe the Middle East and Africa. The Asia-Pacific segment includes its operations in the Asia-Pacific region including China. The Company’s Nuvera segment is focused on fuel cell stacks and related systems.

Hyster-Yale Materials Handling Inc

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