News stories about Sun Hydraulics (NASDAQ:SNHY) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Hydraulics earned a news impact score of 0.11 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 47.4399904388178 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- BidaskClub Downgrades Sun Hydraulics (SNHY) to Buy (americanbankingnews.com)
- Middleby’s Food Processing Unit to Gain From Scanico Buyout (finance.yahoo.com)
- Brokerages Anticipate Sun Hydraulics Corporation (SNHY) to Announce $0.33 EPS (americanbankingnews.com)
- Sun Hydraulics Corporation (SNHY) Declares $0.09 Quarterly Dividend (americanbankingnews.com)
- What You Must Know About Sun Hydraulics Corporation’s (SNHY) Financial Strength (finance.yahoo.com)
SNHY has been the subject of several recent research reports. BidaskClub lowered shares of Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Robert W. Baird downgraded Sun Hydraulics from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from $55.00 to $57.00 in a report on Friday, October 13th. Finally, Sidoti started coverage on Sun Hydraulics in a research report on Thursday, September 14th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $60.00.
Shares of Sun Hydraulics (SNHY) opened at $57.20 on Monday. The company has a market capitalization of $1,548.60, a P/E ratio of 39.45 and a beta of 1.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96. Sun Hydraulics has a 12 month low of $34.17 and a 12 month high of $63.63.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The firm had revenue of $88.00 million for the quarter, compared to analyst estimates of $80.66 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The business’s quarterly revenue was up 94.7% on a year-over-year basis. equities research analysts expect that Sun Hydraulics will post 1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Friday, January 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.36 annualized dividend and a yield of 0.63%. Sun Hydraulics’s dividend payout ratio is presently 30.25%.
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Sun Hydraulics 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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