Analysts expect Sun Hydraulics Co. (NASDAQ:SNHY) to post sales of $83.73 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Sun Hydraulics’ earnings, with estimates ranging from $83.50 million to $83.90 million. Sun Hydraulics reported sales of $49.87 million in the same quarter last year, which would suggest a positive year over year growth rate of 67.9%. The firm is expected to issue its next quarterly earnings results after the market closes on Monday, February 26th.
According to Zacks, analysts expect that Sun Hydraulics will report full-year sales of $83.73 million for the current financial year, with estimates ranging from $342.20 million to $342.50 million. For the next financial year, analysts forecast that the firm will report sales of $381.73 million per share, with estimates ranging from $372.00 million to $392.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Sun Hydraulics.
Several research firms have recently weighed in on SNHY. BidaskClub downgraded Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research downgraded Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 price target for the company. in a report on Friday, February 9th. SunTrust Banks initiated coverage on Sun Hydraulics in a report on Monday, February 5th. They set a “buy” rating for the company. KeyCorp initiated coverage on Sun Hydraulics in a report on Monday, February 5th. They set an “overweight” rating and a $67.00 price target for the company. Finally, Sidoti raised Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price target for the company in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $63.50.
Sun Hydraulics (NASDAQ SNHY) traded down $0.74 during mid-day trading on Friday, hitting $55.48. The stock had a trading volume of 190,730 shares, compared to its average volume of 404,587. The firm has a market capitalization of $1,746.34, a P/E ratio of 38.26 and a beta of 1.68. Sun Hydraulics has a 1-year low of $34.17 and a 1-year high of $70.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96.
The business also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Friday, January 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Thursday, January 4th. Sun Hydraulics’s dividend payout ratio is presently 30.25%.
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About Sun Hydraulics
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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