Analysts expect that Sun Hydraulics Co. (NASDAQ:SNHY) will announce sales of $133.88 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sun Hydraulics’ earnings. The highest sales estimate is $135.10 million and the lowest is $132.40 million. Sun Hydraulics posted sales of $84.15 million in the same quarter last year, which would indicate a positive year over year growth rate of 59.1%. The business is expected to announce its next quarterly earnings report on Monday, February 25th.
On average, analysts expect that Sun Hydraulics will report full year sales of $503.21 million for the current financial year, with estimates ranging from $501.70 million to $504.40 million. For the next financial year, analysts anticipate that the firm will post sales of $594.63 million, with estimates ranging from $581.60 million to $611.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). The company had revenue of $135.80 million during the quarter, compared to the consensus estimate of $141.42 million. Sun Hydraulics had a return on equity of 10.64% and a net margin of 7.29%. The firm’s revenue for the quarter was up 54.3% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share.
Several brokerages have issued reports on SNHY. SunTrust Banks cut their target price on Sun Hydraulics to $46.00 and set an “accumulate” rating for the company in a research note on Wednesday, November 7th. BidaskClub raised Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Morgan Stanley began coverage on Sun Hydraulics in a research note on Tuesday, December 18th. They issued an “equal weight” rating and a $38.00 target price for the company. ValuEngine raised Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Finally, Zacks Investment Research raised Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $55.29.
Several large investors have recently added to or reduced their stakes in SNHY. Vanguard Group Inc boosted its position in Sun Hydraulics by 2.6% in the third quarter. Vanguard Group Inc now owns 2,492,970 shares of the industrial products company’s stock worth $136,565,000 after purchasing an additional 62,761 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Sun Hydraulics during the 3rd quarter valued at about $699,000. Marshall Wace LLP purchased a new position in shares of Sun Hydraulics during the 3rd quarter valued at about $344,000. Vanguard Group Inc. lifted its position in shares of Sun Hydraulics by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,492,970 shares of the industrial products company’s stock valued at $136,565,000 after buying an additional 62,761 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of Sun Hydraulics by 2.7% during the 3rd quarter. Teachers Advisors LLC now owns 54,228 shares of the industrial products company’s stock valued at $2,971,000 after buying an additional 1,430 shares in the last quarter. 87.09% of the stock is owned by hedge funds and other institutional investors.
Shares of SNHY stock traded down $0.41 during trading on Friday, hitting $35.66. The company had a trading volume of 1,343 shares, compared to its average volume of 151,449. The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 22.29 and a beta of 1.76. Sun Hydraulics has a 52 week low of $30.79 and a 52 week high of $70.83.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 20th. Stockholders of record on Saturday, January 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 1.01%. The ex-dividend date of this dividend is Thursday, January 3rd. Sun Hydraulics’s dividend payout ratio (DPR) is presently 22.50%.
Sun Hydraulics Company Profile
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.
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