Sun Hydraulics Corporation (SNHY) Announces $0.09 Quarterly Dividend
Sun Hydraulics Corporation (NASDAQ:SNHY) announced a quarterly dividend on Monday, September 25th, Wall Street Journal reports. Stockholders of record on Thursday, October 5th will be paid a dividend of 0.09 per share by the industrial products company on Friday, October 20th. This represents a $0.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, October 4th.
Sun Hydraulics Corporation (NASDAQ:SNHY) last released its earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.13. The business had revenue of $89.30 million for the quarter, compared to the consensus estimate of $79.18 million. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The business’s quarterly revenue was up 75.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.26 earnings per share.
SNHY has been the topic of several research reports. Zacks Investment Research downgraded Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub downgraded Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Sidoti started coverage on Sun Hydraulics Corporation in a research report on Thursday, September 14th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Sun Hydraulics Corporation presently has an average rating of “Buy” and an average price target of $44.50.
In other Sun Hydraulics Corporation news, Director Christine L. Koski sold 15,000 shares of Sun Hydraulics Corporation stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $49.87, for a total value of $748,050.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christine L. Koski sold 19,140 shares of Sun Hydraulics Corporation stock in a transaction on Friday, August 11th. The shares were sold at an average price of $47.26, for a total value of $904,556.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,440 shares of company stock worth $4,070,619. 10.70% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Sun Hydraulics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.