Sun Hydraulics Co. (SNHY) Given Average Recommendation of “Hold” by Brokerages
Sun Hydraulics Co. (NASDAQ:SNHY) has earned an average broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus target price of $64.00 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Sun Hydraulics an industry rank of 110 out of 265 based on the ratings given to related companies.
Several brokerages have commented on SNHY. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Robert W. Baird downgraded Sun Hydraulics from an “outperform” rating to a “neutral” rating and raised their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th.
Sun Hydraulics (NASDAQ SNHY) opened at $67.59 on Monday. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $1,829.86, a price-to-earnings ratio of 56.80 and a beta of 1.79. Sun Hydraulics has a 52-week low of $34.17 and a 52-week high of $68.47.
Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.36 by $0.07. The business had revenue of $88.00 million during the quarter, compared to analyst estimates of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The company’s revenue for the quarter was up 94.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. equities research analysts forecast that Sun Hydraulics will post 1.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Friday, January 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. Sun Hydraulics’s payout ratio is presently 30.25%.
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Sun Hydraulics Company Profile
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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