Sun Hydraulics Co. (NASDAQ:SNHY) – Analysts at KeyCorp increased their Q1 2018 earnings per share estimates for shares of Sun Hydraulics in a note issued to investors on Monday. KeyCorp analyst J. Hammond now forecasts that the industrial products company will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.53. KeyCorp has a “Overweight” rating and a $67.00 price objective on the stock. KeyCorp also issued estimates for Sun Hydraulics’ Q2 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.35 EPS, FY2018 earnings at $1.90 EPS and FY2019 earnings at $2.10 EPS.
Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Sun Hydraulics had a return on equity of 16.83% and a net margin of 9.20%. The firm had revenue of $84.15 million during the quarter, compared to the consensus estimate of $83.79 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The business’s revenue was up 68.7% on a year-over-year basis.
Shares of Sun Hydraulics (NASDAQ SNHY) opened at $51.92 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96. Sun Hydraulics has a 12-month low of $34.17 and a 12-month high of $70.83. The firm has a market capitalization of $1,813.71, a P/E ratio of 44.38 and a beta of 1.68.
Several institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $204,000. MetLife Investment Advisors LLC bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $683,000. Metropolitan Life Insurance Co. NY bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $479,000. Goldman Sachs Group Inc. raised its holdings in shares of Sun Hydraulics by 59.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 45,723 shares of the industrial products company’s stock valued at $2,958,000 after acquiring an additional 17,060 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Sun Hydraulics by 25.6% during the fourth quarter. Deutsche Bank AG now owns 52,510 shares of the industrial products company’s stock valued at $3,394,000 after acquiring an additional 10,702 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.
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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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