Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Sun Hydraulics Corporation (SNHY) Share Price
News coverage about Sun Hydraulics Corporation (NASDAQ:SNHY) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Hydraulics Corporation earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the industrial products company an impact score of 47.4765454512258 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SNHY has been the subject of several research reports. Zacks Investment Research lowered shares of Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Sidoti initiated coverage on shares of Sun Hydraulics Corporation in a research note on Thursday, September 14th. They issued a “neutral” rating for the company. Robert W. Baird lowered shares of Sun Hydraulics Corporation from an “outperform” rating to a “neutral” rating and increased their price target for the stock from $55.00 to $57.00 in a research note on Friday, October 13th. Finally, BidaskClub lowered shares of Sun Hydraulics Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $60.00.
Shares of Sun Hydraulics Corporation (NASDAQ SNHY) opened at $59.28 on Friday. Sun Hydraulics Corporation has a 1 year low of $34.17 and a 1 year high of $59.97. The company has a market cap of $1,588.94, a PE ratio of 40.48 and a beta of 1.80. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.62.
Sun Hydraulics Corporation (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Sun Hydraulics Corporation had a net margin of 10.34% and a return on equity of 15.54%. The company had revenue of $88.00 million for the quarter, compared to the consensus estimate of $80.66 million. During the same period in the prior year, the firm posted $0.19 EPS. Sun Hydraulics Corporation’s revenue for the quarter was up 94.7% on a year-over-year basis. equities analysts predict that Sun Hydraulics Corporation will post 1.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Thursday, October 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, October 4th. Sun Hydraulics Corporation’s dividend payout ratio (DPR) is 30.25%.
In related news, Director Christine L. Koski sold 15,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $49.87, for a total transaction of $748,050.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 10.70% of the company’s stock.
Sun Hydraulics Corporation Company Profile
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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