Analysts expect Sun Hydraulics Co. (NASDAQ:SNHY) to announce sales of $141.23 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sun Hydraulics’ earnings. The highest sales estimate is $145.70 million and the lowest is $138.80 million. Sun Hydraulics posted sales of $88.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 60.5%. The firm is scheduled to issue its next earnings results 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 report sales of $615.89 million per share, with estimates ranging from $600.80 million to $635.20 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms 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 the consensus estimate of $0.55 by ($0.12). The firm had revenue of $136.20 million during 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%. The firm’s revenue for the quarter was up 52.5% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share.
Several brokerages recently commented on SNHY. BidaskClub raised Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Saturday. Robert W. Baird raised Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Thursday. Zacks Investment Research cut Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Finally, SunTrust Banks reduced their target price on Sun Hydraulics to $59.00 and set a “$49.53” rating for the company in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Sun Hydraulics currently has an average rating of “Buy” and an average target price of $60.33.
In other Sun Hydraulics news, Director Christine L. Koski sold 7,500 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $50.18, for a total transaction of $376,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christine L. Koski sold 22,500 shares of the stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.21, for a total value of $1,152,225.00. The disclosure for this sale can be found here. Insiders have sold 75,021 shares of company stock valued at $3,939,063 over the last quarter. Corporate insiders own 7.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP raised its stake in Sun Hydraulics by 0.8% during the second quarter. Royce & Associates LP now owns 2,334,624 shares of the industrial products company’s stock worth $112,506,000 after acquiring an additional 17,900 shares in the last quarter. Wasatch Advisors Inc. raised its stake in Sun Hydraulics by 12.0% during the second quarter. Wasatch Advisors Inc. now owns 2,314,584 shares of the industrial products company’s stock worth $111,540,000 after acquiring an additional 248,891 shares in the last quarter. BlackRock Inc. raised its stake in Sun Hydraulics by 11.3% during the second quarter. BlackRock Inc. now owns 1,882,223 shares of the industrial products company’s stock worth $90,703,000 after acquiring an additional 191,707 shares in the last quarter. Conestoga Capital Advisors LLC raised its stake in Sun Hydraulics by 6.2% during the second quarter. Conestoga Capital Advisors LLC now owns 1,248,622 shares of the industrial products company’s stock worth $60,171,000 after acquiring an additional 72,645 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Sun Hydraulics by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 947,817 shares of the industrial products company’s stock worth $45,676,000 after acquiring an additional 53,912 shares in the last quarter. Hedge funds and other institutional investors own 85.73% of the company’s stock.
Shares of SNHY stock opened at $57.96 on Friday. The firm has a market capitalization of $1.80 billion, a P/E ratio of 36.23 and a beta of 1.76. Sun Hydraulics has a one year low of $45.44 and a one 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.
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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