Sun Hydraulics (SNHY) Posts Quarterly Earnings, Beats Expectations By $0.01 EPS
Sun Hydraulics (NASDAQ:SNHY) issued its quarterly earnings data on Monday. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.01, ARN reports. The company had revenue of $56.81 million for the quarter, compared to the consensus estimate of $55.41 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. Sun Hydraulics updated its Q2 guidance to $0.44-0.46 EPS.
Shares of Sun Hydraulics (NASDAQ:SNHY) traded down 0.56% on Monday, hitting $40.90. 68,732 shares of the company’s stock traded hands. Sun Hydraulics has a one year low of $29.34 and a one year high of $46.38. The stock’s 50-day moving average is $41.85 and its 200-day moving average is $40.54. The company has a market cap of $1.078 billion and a price-to-earnings ratio of 28.39.
A number of analysts have recently weighed in on SNHY shares. Analysts at Zacks upgraded shares of Sun Hydraulics from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 6th. They now have a $45.80 price target on the stock. Analysts at Robert W. Baird upgraded shares of Sun Hydraulics from a “neutral” rating to an “outperform” rating in a research note on Monday, February 10th. They now have a $43.00 price target on the stock.
Sun Hydraulics Corporation (NASDAQ:SNHY) designs, manufactures, and sells screw-in cartridge valves and manifolds used in hydraulic systems.
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