Sun Hydraulics Co. (SNHY) Expected to Announce Earnings of $0.46 Per Share

Share on StockTwits

Wall Street brokerages forecast that Sun Hydraulics Co. (NASDAQ:SNHY) will announce earnings per share (EPS) of $0.46 for the current quarter, Zacks reports. Five analysts have made estimates for Sun Hydraulics’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.56. Sun Hydraulics reported earnings of $0.43 per share during the same quarter last year, which would indicate a positive year over year growth rate of 7%. The firm is expected to announce its next earnings results on Monday, November 5th.

According to Zacks, analysts expect that Sun Hydraulics will report full-year earnings of $1.79 per share for the current year, with EPS estimates ranging from $1.61 to $1.87. For the next fiscal year, analysts anticipate that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.21 to $2.33. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Sun Hydraulics.

Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Tuesday, August 7th. The industrial products company reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). Sun Hydraulics had a net margin of 8.08% and a return on equity of 11.79%. The business had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $139.80 million. During the same quarter in the prior year, the firm earned $0.27 EPS. Sun Hydraulics’s revenue for the quarter was up 52.5% compared to the same quarter last year.

A number of equities research analysts have commented on the company. BidaskClub downgraded Sun Hydraulics from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird upgraded Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 target price on the stock in a research report on Thursday, September 20th. Zacks Investment Research downgraded Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Finally, SunTrust Banks lifted their price objective on Sun Hydraulics to $62.00 and gave the company a “positive” rating in a research note on Thursday, October 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.83.

In other news, Director Christine L. Koski sold 1,221 shares of Sun Hydraulics stock in a transaction on Monday, September 17th. The stock was sold at an average price of $53.57, for a total value of $65,408.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine L. Koski sold 29,580 shares of Sun Hydraulics stock in a transaction on Friday, September 21st. The shares were sold at an average price of $56.86, for a total value of $1,681,918.80. The disclosure for this sale can be found here. Insiders sold 104,601 shares of company stock valued at $5,620,982 over the last ninety days. Insiders own 7.80% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNHY. Royal Bank of Canada grew its stake in Sun Hydraulics by 112.4% during the 1st quarter. Royal Bank of Canada now owns 562,455 shares of the industrial products company’s stock worth $30,125,000 after purchasing an additional 297,681 shares in the last quarter. Wasatch Advisors Inc. grew its stake in Sun Hydraulics by 12.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,314,584 shares of the industrial products company’s stock worth $111,540,000 after purchasing an additional 248,891 shares in the last quarter. BlackRock Inc. grew its stake in Sun Hydraulics by 11.3% during the 2nd quarter. BlackRock Inc. now owns 1,882,223 shares of the industrial products company’s stock worth $90,703,000 after purchasing an additional 191,707 shares in the last quarter. Fred Alger Management Inc. grew its stake in Sun Hydraulics by 22.6% during the 2nd quarter. Fred Alger Management Inc. now owns 742,056 shares of the industrial products company’s stock worth $35,760,000 after purchasing an additional 136,836 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in Sun Hydraulics by 6.2% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,248,622 shares of the industrial products company’s stock worth $60,171,000 after purchasing an additional 72,645 shares in the last quarter. 85.72% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:SNHY traded up $0.01 on Monday, reaching $46.21. The company’s stock had a trading volume of 143,430 shares, compared to its average volume of 172,649. Sun Hydraulics has a 12-month low of $45.44 and a 12-month high of $70.83. The company has a quick ratio of 1.06, a current ratio of 1.78 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $1.73 billion, a P/E ratio of 28.88 and a beta of 1.68.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Stockholders of record on Friday, October 5th will be paid a $0.09 dividend. The ex-dividend date is Thursday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.78%. Sun Hydraulics’s payout ratio is presently 22.50%.

About Sun Hydraulics

Helios Technologies 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.

See Also: How Important is Technical Analysis of Stocks

Get a free copy of the Zacks research report on Sun Hydraulics (SNHY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Sun Hydraulics Co.  Expected to Announce Earnings of $0.46 Per Share
Sun Hydraulics Co. Expected to Announce Earnings of $0.46 Per Share
Hess Midstream Partners LP  Receives $27.33 Consensus PT from Analysts
Hess Midstream Partners LP Receives $27.33 Consensus PT from Analysts
SpankChain Price Down 3.9% Over Last Week
SpankChain Price Down 3.9% Over Last Week
Aidos Kuneen Hits Market Cap of $0.00
Aidos Kuneen Hits Market Cap of $0.00
Keurig Dr Pepper  Given a $24.00 Price Target at Macquarie
Keurig Dr Pepper Given a $24.00 Price Target at Macquarie
U.S. Silica  Lowered to Strong Sell at Zacks Investment Research
U.S. Silica Lowered to Strong Sell at Zacks Investment Research


Leave a Reply

© 2006-2018 Ticker Report. Google+.