Equities analysts expect that Sun Hydraulics Co. (NASDAQ:SNHY) will post earnings of $0.64 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Sun Hydraulics’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.61. Sun Hydraulics reported earnings per share of $0.46 in the same quarter last year, which would suggest a positive year over year growth rate of 39.1%. The firm is scheduled to issue its next earnings report after the market closes on Monday, May 6th.

According to Zacks, analysts expect that Sun Hydraulics will report full-year earnings of $2.60 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.62. For the next year, analysts anticipate that the company will report earnings of $2.90 per share, with EPS estimates ranging from $2.80 to $3.02. Zacks’ earnings per share 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 Monday, February 25th. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.02. The business had revenue of $138.72 million for the quarter, compared to analysts’ expectations of $134.51 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 11.38%. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share.

SNHY has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Sun Hydraulics in a research report on Tuesday, December 18th. They set an “equal weight” rating and a $38.00 price objective on the stock. Robert W. Baird set a $44.00 price objective on shares of Sun Hydraulics and gave the stock a “buy” rating in a research report on Friday, January 25th. ValuEngine cut shares of Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Zacks Investment Research raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research report on Saturday, January 26th. Finally, SunTrust Banks increased their price objective on shares of Sun Hydraulics to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Sun Hydraulics currently has an average rating of “Buy” and a consensus target price of $51.17.

In other news, insider Gary A. Gotting sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $47.00, for a total transaction of $28,200.00. Following the completion of the sale, the insider now owns 9,910 shares in the company, valued at approximately $465,770. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Robert C. Koski sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $46.52, for a total transaction of $465,200.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,100 shares of company stock valued at $865,025. Company insiders own 7.80% of the company’s stock.

Several hedge funds have recently modified their holdings of SNHY. Norges Bank purchased a new stake in shares of Sun Hydraulics during the 4th quarter worth approximately $15,410,000. Bamco Inc. NY increased its stake in shares of Sun Hydraulics by 66.2% during the 3rd quarter. Bamco Inc. NY now owns 615,000 shares of the industrial products company’s stock worth $33,690,000 after purchasing an additional 245,000 shares during the last quarter. BlackRock Inc. increased its stake in shares of Sun Hydraulics by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,987,634 shares of the industrial products company’s stock worth $65,968,000 after purchasing an additional 82,056 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Sun Hydraulics by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 2,492,970 shares of the industrial products company’s stock worth $136,565,000 after purchasing an additional 62,761 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Sun Hydraulics by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,492,970 shares of the industrial products company’s stock worth $136,565,000 after purchasing an additional 62,761 shares during the last quarter. Institutional investors own 88.61% of the company’s stock.

Shares of SNHY opened at $50.22 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 21.83 and a beta of 1.72. Sun Hydraulics has a 12 month low of $30.79 and a 12 month high of $58.13.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, April 20th. Shareholders of record on Friday, April 5th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $0.36 annualized dividend and a yield of 0.72%. Sun Hydraulics’s dividend payout ratio (DPR) is 15.65%.

Sun Hydraulics Company Profile

Sun Hydraulics Corporation, doing business as Helios Technologies, develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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Earnings History and Estimates for Sun Hydraulics (NASDAQ:SNHY)

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