Sun Hydraulics Co. (NASDAQ:SNHY) – Equities researchers at KeyCorp issued their FY2017 EPS estimates for shares of Sun Hydraulics in a research report issued to clients and investors on Monday. KeyCorp analyst J. Hammond anticipates that the industrial products company will post earnings of $1.56 per share for the year. KeyCorp currently has a “Overweight” rating and a $67.00 target price on the stock. KeyCorp also issued estimates for Sun Hydraulics’ Q4 2017 earnings at $0.23 EPS, Q1 2018 earnings at $0.53 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.33 EPS, FY2018 earnings at $1.85 EPS and FY2019 earnings at $2.05 EPS.
Other research analysts have also recently issued research reports about the company. SunTrust Banks started coverage on Sun Hydraulics in a research note on Monday. They set a “buy” rating for the company. BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and increased their price target for the company from $55.00 to $57.00 in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $62.33.
Sun Hydraulics (NASDAQ:SNHY) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The business had revenue of $88.00 million during the quarter, compared to analysts’ expectations of $80.66 million. During the same quarter last year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 94.7% on a year-over-year basis.
Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in shares of Sun Hydraulics by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,347 shares of the industrial products company’s stock valued at $784,000 after purchasing an additional 54 shares during the period. Legal & General Group Plc boosted its position in shares of Sun Hydraulics by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 160 shares during the period. Stifel Financial Corp boosted its position in shares of Sun Hydraulics by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 43,035 shares of the industrial products company’s stock valued at $1,830,000 after purchasing an additional 183 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Sun Hydraulics by 2.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 23,610 shares of the industrial products company’s stock valued at $1,008,000 after purchasing an additional 571 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Sun Hydraulics by 0.9% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 62,854 shares of the industrial products company’s stock valued at $2,682,000 after purchasing an additional 577 shares during the period. Institutional investors and hedge funds own 82.44% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Friday, January 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.66%. Sun Hydraulics’s dividend payout ratio (DPR) is 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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