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Investing.com - Roth/MKM has lowered its price target on Hyster-Yale Materials Handling (NYSE:HY) to $50.00 from $62.00 while maintaining a Buy rating on the stock. The stock, currently trading at $37.96, has experienced significant pressure, falling nearly 28% over the past six months. InvestingPro analysis indicates the stock is trading below its Fair Value, supporting Roth/MKM’s positive stance.
The adjustment follows Hyster-Yale’s second quarter 2025 financial report, with Roth/MKM citing "reduced visibility" as the primary reason for the price target reduction.
The research firm noted "significant uncertainties" remain for Hyster-Yale through the second half of 2025, despite maintaining its positive long-term outlook on the materials handling equipment manufacturer.
Roth/MKM continues to view Hyster-Yale as "an undervalued GDP-plus-type grower with solid long-term growth prospects," according to its analysis of the company’s fundamentals.
The firm expects multiple expansion as Hyster-Yale’s strategic investments in a new modular platform approach and supply chain optimization efforts deliver improved financial performance, with "major actions now underway" that are expected to "drive material improvement" through future business cycles.
In other recent news, Hyster-Yale Materials Handling Inc. reported its second-quarter 2025 financial results, which revealed a significant shortfall in earnings. The company announced an earnings per share (EPS) of -$0.14, missing the forecasted $0.01 and resulting in a negative surprise of 1500%. Despite this earnings miss, Hyster-Yale slightly exceeded revenue expectations, reporting $956.6 million compared to the anticipated $947.75 million. The market’s reaction to the earnings miss was predominantly negative. While the revenue beat was a positive aspect, it was overshadowed by the substantial earnings disappointment. These recent developments have drawn attention from investors and analysts alike.
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