Analysts predict that Sun Hydraulics Co. (NASDAQ:SNHY) will report $0.46 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Sun Hydraulics’ earnings. The lowest EPS estimate is $0.37 and the highest is $0.51. Sun Hydraulics reported earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 7%. The firm is expected to issue its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that Sun Hydraulics will report full-year earnings of $1.81 per share for the current year, with EPS estimates ranging from $1.61 to $1.94. For the next fiscal year, analysts expect that the firm will report earnings of $2.29 per share, with EPS estimates ranging from $2.21 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last issued its earnings results on Tuesday, August 7th. The industrial products company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.12). The firm had revenue of $136.20 million for the quarter, compared to analyst estimates of $139.80 million. Sun Hydraulics had a return on equity of 11.79% and a net margin of 8.08%. The business’s revenue for the quarter was up 52.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS.
SNHY has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. BidaskClub upgraded shares of Sun Hydraulics from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 19th. SunTrust Banks decreased their price objective 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. Finally, Robert W. Baird set a $50.00 price objective on shares of Sun Hydraulics and gave the company a “hold” rating in a research note on Tuesday, August 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $59.50.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its stake in Sun Hydraulics by 5.1% in the second quarter. Public Employees Retirement System of Ohio now owns 57,603 shares of the industrial products company’s stock valued at $2,776,000 after acquiring an additional 2,776 shares in the last quarter. Bank of America Corp DE boosted its stake in Sun Hydraulics by 30.3% in the second quarter. Bank of America Corp DE now owns 105,491 shares of the industrial products company’s stock valued at $5,083,000 after acquiring an additional 24,526 shares in the last quarter. Raymond James & Associates boosted its stake in Sun Hydraulics by 23.1% in the second quarter. Raymond James & Associates now owns 7,983 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 1,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Sun Hydraulics by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 947,817 shares of the industrial products company’s stock valued at $45,676,000 after acquiring an additional 53,912 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Sun Hydraulics by 11.3% in the second quarter. BlackRock Inc. now owns 1,882,223 shares of the industrial products company’s stock valued at $90,703,000 after acquiring an additional 191,707 shares in the last quarter. Institutional investors own 85.72% of the company’s stock.
Shares of SNHY stock opened at $49.84 on Tuesday. 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 cap of $1.58 billion, a P/E ratio of 31.15 and a beta of 1.76. Sun Hydraulics has a 12 month low of $45.44 and a 12 month high of $70.83.
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.
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