Wall Street brokerages expect Sun Hydraulics Co. (NASDAQ:SNHY) to announce sales of $141.23 million for the current quarter, Zacks reports. Five analysts have issued estimates for Sun Hydraulics’ earnings, with the lowest sales estimate coming in at $138.80 million and the highest estimate coming in at $145.70 million. Sun Hydraulics posted sales of $88.00 million during the same quarter last year, which suggests a positive year over year growth rate of 60.5%. The business is expected to report its next earnings report on Monday, November 5th.
On average, analysts expect that Sun Hydraulics will report full-year sales of $515.27 million for the current financial year, with estimates ranging from $509.30 million to $520.50 million. For the next year, analysts expect that the company will post sales of $615.89 million per share, with estimates ranging from $600.80 million to $635.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). The business had revenue of $136.20 million for the quarter, compared to the consensus estimate of $139.80 million. Sun Hydraulics had a return on equity of 11.79% and a net margin of 8.08%. Sun Hydraulics’s revenue was up 52.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share.
SNHY has been the subject of several analyst reports. BidaskClub raised shares of Sun Hydraulics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 27th. SunTrust Banks decreased their target price on shares of Sun Hydraulics to $59.00 and set a “$49.53” rating for the company in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Robert W. Baird set a $50.00 target price on shares of Sun Hydraulics and gave the company a “hold” rating in a research note on Tuesday, August 7th. Zacks Investment Research cut shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. Finally, Stifel Nicolaus decreased their target price on shares of Sun Hydraulics from $61.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.50.
NASDAQ:SNHY opened at $49.98 on Thursday. Sun Hydraulics has a 1-year low of $45.44 and a 1-year high of $70.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.06. The firm has a market capitalization of $1.59 billion, a P/E ratio of 30.58 and a beta of 1.76.
Several large investors have recently added to or reduced their stakes in SNHY. SG Americas Securities LLC bought a new position in Sun Hydraulics during the 1st quarter worth approximately $100,000. Stratos Wealth Partners LTD. purchased a new stake in Sun Hydraulics in the first quarter valued at approximately $105,000. Amalgamated Bank purchased a new stake in Sun Hydraulics in the second quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sun Hydraulics in the first quarter valued at approximately $268,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Sun Hydraulics in the second quarter valued at approximately $275,000. 85.73% of the stock is owned by institutional investors and hedge funds.
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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