Brokerages predict that Sun Hydraulics Co. (NASDAQ:SNHY) will announce sales of $93.97 million for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Sun Hydraulics’ earnings, with estimates ranging from $93.15 million to $95.20 million. Sun Hydraulics posted sales of $81.35 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.5%. The firm is expected to report its next quarterly earnings results on Monday, May 14th.
According to Zacks, analysts expect that Sun Hydraulics will report full-year sales of $93.97 million for the current financial year, with estimates ranging from $378.17 million to $385.20 million. For the next year, analysts anticipate that the business will post sales of $410.58 million per share, with estimates ranging from $402.20 million to $423.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Monday, February 26th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $84.15 million during the quarter, compared to analyst estimates of $83.79 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The business’s revenue was up 68.7% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS.
Shares of Sun Hydraulics stock traded down $1.01 during trading on Tuesday, hitting $51.74. The stock had a trading volume of 38,764 shares, compared to its average volume of 262,839. The firm has a market capitalization of $1,649.79, a PE ratio of 32.97 and a beta of 1.66. The company has a current ratio of 3.20, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. Sun Hydraulics has a 12 month low of $34.17 and a 12 month high of $70.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, April 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.70%. The ex-dividend date is Wednesday, April 4th. Sun Hydraulics’s dividend payout ratio is presently 22.50%.
A number of hedge funds have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in Sun Hydraulics by 191.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 1,536 shares during the period. Simplex Trading LLC purchased a new position in Sun Hydraulics during the 4th quarter valued at about $156,000. Xact Kapitalforvaltning AB purchased a new position in Sun Hydraulics during the 4th quarter valued at about $204,000. Amalgamated Bank purchased a new position in Sun Hydraulics during the 4th quarter valued at about $208,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Sun Hydraulics during the 3rd quarter valued at about $228,000. 70.08% of the stock is currently owned by institutional investors.
Sun Hydraulics Company Profile
Sun Hydraulics Corporation designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.
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