HY Stock Recent News

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Hyster-Yale Materials (HY) have what it takes?

Hyster-Yale Materials (HY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

CLEVELAND , June 3, 2024 /PRNewswire/ -- Hyster-Yale, Inc. (NYSE: HY) announced today that it adopted a new corporate logo in connection with its name change. The name change was effective at close of business on May 31, 2024.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Does Hyster-Yale Materials (HY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here is how Hyster-Yale Materials (HY) and Applied Industrial Technologies (AIT) have performed compared to their sector so far this year.

Hyster-Yale Materials (HY) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Hyster-Yale's stock price jumped dramatically after posting solid Q1 earnings, beating revenue predictions and exceeding EPS estimates. The price is back on track after a dip following the Q4-2023 earnings release. Hyster-Yale is a globally integrated lift truck company with a strong market position and competitive advantages in the industry.

Hyster-Yale Materials (HY) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $1.55 per share a year ago.

CLEVELAND , April 30, 2024 /PRNewswire/ -- Hyster-Yale Materials Handling, Inc. (NYSE: HY) will release its First Quarter 2024 financial results after market close on Tuesday, May 7, 2024. In conjunction with this release, the Company will host a webcast with the financial community at 2:30 p.m.