Analysts Anticipate Sun Hydraulics Co. (SNHY) Will Announce Earnings of $0.49 Per Share

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.

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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.

SNHY has been the subject of several research analyst reports. BidaskClub upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Sidoti upgraded shares of Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, February 13th. ValuEngine upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a report on Monday. William Blair initiated coverage on shares of Sun Hydraulics in a report on Friday, February 23rd. They issued an “outperform” rating for the company. Finally, Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $63.00.

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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Earnings History and Estimates for Sun Hydraulics (NASDAQ:SNHY)

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