Sun Hydraulics Corporation (SNHY) Scheduled to Post Earnings on Monday
Sun Hydraulics Corporation (NASDAQ:SNHY) will be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect Sun Hydraulics Corporation to post earnings of $0.34 per share for the quarter.
Sun Hydraulics Corporation (NASDAQ:SNHY) last posted its earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $79.18 million. During the same quarter last year, the firm earned $0.26 earnings per share. The company’s revenue was up 75.8% on a year-over-year basis. On average, analysts expect Sun Hydraulics Corporation to post $1.6 EPS for the current fiscal year and $1.82 EPS for the next fiscal year.
Sun Hydraulics Corporation (NASDAQ SNHY) traded down 0.92% during midday trading on Monday, hitting $56.12. The stock had a trading volume of 23,228 shares. The stock has a market cap of $1.52 billion, a P/E ratio of 59.07 and a beta of 1.76. Sun Hydraulics Corporation has a 52 week low of $28.92 and a 52 week high of $57.73. The company has a 50-day moving average price of $54.17 and a 200-day moving average price of $45.44.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Thursday, October 5th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.64%. Sun Hydraulics Corporation’s dividend payout ratio (DPR) is 37.50%.
A number of analysts recently issued reports on SNHY shares. Zacks Investment Research raised Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a report on Friday, August 11th. Sidoti started coverage on Sun Hydraulics Corporation in a report on Thursday, September 14th. They set a “neutral” rating on the stock. BidaskClub cut Sun Hydraulics Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Robert W. Baird cut Sun Hydraulics Corporation from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $55.00 to $57.00 in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $60.00.
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In other Sun Hydraulics Corporation news, Director Christine L. Koski sold 19,140 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.26, for a total value of $904,556.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Christine L. Koski sold 14,753 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $47.01, for a total value of $693,538.53. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,440 shares of company stock worth $4,070,619. Insiders own 10.70% of the company’s stock.
About Sun Hydraulics Corporation
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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