Wall Street analysts expect Sun Hydraulics Co. (NASDAQ:SNHY) to announce earnings of $0.49 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Sun Hydraulics’ earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.44. Sun Hydraulics reported earnings per share of $0.38 during the same quarter last year, which suggests a positive year over year growth rate of 28.9%. The company is scheduled to report its next earnings report on Monday, May 14th.
On average, analysts expect that Sun Hydraulics will report full year earnings of $1.88 per share for the current financial year, with EPS estimates ranging from $1.85 to $1.90. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.11 per share, with EPS estimates ranging from $2.04 to $2.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The business had revenue of $84.15 million during the quarter, compared to analyst estimates of $83.79 million. During the same period last year, the business posted $0.18 earnings per share. Sun Hydraulics’s quarterly revenue was up 68.7% compared to the same quarter last year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its stake in shares of Sun Hydraulics by 191.8% during the third 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 in the last quarter. Simplex Trading LLC bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $156,000. Xact Kapitalforvaltning AB bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $204,000. Amalgamated Bank bought a new position in shares of Sun Hydraulics during the fourth quarter valued at approximately $208,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Sun Hydraulics during the third quarter valued at approximately $228,000. 70.08% of the stock is owned by institutional investors and hedge funds.
SNHY traded down $1.01 on Friday, hitting $51.74. The company had a trading volume of 38,764 shares, compared to its average volume of 262,839. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.20 and a quick ratio of 2.29. Sun Hydraulics has a 52-week low of $34.17 and a 52-week high of $70.83. The firm has a market capitalization of $1,649.79, a PE ratio of 32.97 and a beta of 1.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Wednesday, April 4th. Sun Hydraulics’s dividend payout ratio is 22.50%.
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About Sun Hydraulics
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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