Stock of the Day

March 5, 2021

Hyster-Yale (HY)

$33.68
-$0.29 (-0.9%)
Market Cap: $609.09M

About Hyster-Yale

Hyster-Yale, Inc., through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships. The company also sells aftermarket parts under the Hyster and Yale, as well as UNISOURCE and PREMIER brands to Hyster and Yale dealers for the service of competitor lift trucks. In addition, it produces and distributes attachments, forks, and lift tables under the Bolzoni, Auramo, and Meyer brand names; and designs and produces products in the port equipment and rough terrain forklift markets. Further, the company designs, manufactures, and sells hydrogen fuel-cell stacks and engines. It serves light and heavy manufacturers, trucking and automotive companies, rental companies, building materials and paper suppliers, lumber, metal products, warehouses, retailers, food distributors, container handling companies, and U.S. and non-U.S. governmental agencies. The company was formerly known as Hyster-Yale Materials Handling, Inc. and changed its name to Hyster-Yale, Inc. in June 2024. Hyster-Yale, Inc. was incorporated in 1991 and is headquartered in Cleveland, Ohio.

Today's Trend

Hyster-Yale, Inc. (NYSE: HY) is under pressure as analysts at Northland Securities broadly reduced their earnings forecasts across 2026–2030. The revisions suggest a weaker near-term outlook and a slower recovery in profitability than previously expected.

  • Northland still projects Hyster-Yale will return to profitability after an estimated FY2026 loss, with EPS forecasts of $2.45 in FY2027, $3.31 in FY2028, $3.82 in FY2029 and $4.53 in FY2030. This indicates analysts continue to expect a long-term recovery, although at lower levels than previously forecast.
  • The company’s latest quarterly results exceeded expectations, with revenue of $812.9 million versus the $804.6 million consensus estimate and an adjusted loss of $1.64 per share compared with the expected $2.20 loss. However, Hyster-Yale remains unprofitable, with analysts expecting a full-year loss of approximately $2.75 per share.
  • Northland cut its Q3 2026 EPS forecast from $0.09 to a loss of $1.11 and reduced its FY2026 forecast to a $4.40 loss from a $2.69 loss. The firm also lowered its Q4 2026 estimate to $0.18 from $1.06, signaling substantially weaker near-term earnings expectations.
  • Estimates for 2027 were reduced to $0.29 EPS for Q1, $0.83 for Q2 and $0.24 for Q3, while the FY2027 forecast fell to $2.45 from $3.70. Longer-term forecasts were also cut, including FY2028 EPS to $3.31 from $4.30, FY2029 to $3.82 from $4.89, and FY2030 to $4.53 from $7.82. These repeated downward revisions are the primary bearish catalyst for HY. Q4 EPS Estimates for Hyster-Yale Decreased by Analyst
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