Sun Hydraulics (NASDAQ:SNHY) released its earnings results on Monday. The industrial products company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, Bloomberg Earnings reports. The company had revenue of $84.15 million during the quarter, compared to the consensus estimate of $83.79 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The firm’s quarterly revenue was up 68.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share.
Sun Hydraulics (NASDAQ:SNHY) opened at $57.62 on Tuesday. Sun Hydraulics has a 52 week low of $34.17 and a 52 week high of $70.83. The company has a quick ratio of 1.96, a current ratio of 2.62 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1,783.49, a PE ratio of 39.08 and a beta of 1.68.
A number of equities research analysts have recently weighed in on the company. Sidoti upgraded Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a research report on Tuesday, February 13th. William Blair initiated coverage on Sun Hydraulics in a research note on Friday. They set an “outperform” rating for the company. KeyCorp started coverage on Sun Hydraulics in a research note on Monday, February 5th. They set an “overweight” rating and a $67.00 price objective for the company. BidaskClub cut Sun Hydraulics from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $63.50.
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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