Sun Hydraulics Corporation (SNHY) Scheduled to Post Quarterly Earnings on Monday

Sun Hydraulics Corporation (NASDAQ:SNHY) is scheduled to be announcing its earnings results after the market closes on Monday, August 7th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.

Sun Hydraulics Corporation (NASDAQ:SNHY) last released its quarterly earnings results on Monday, May 8th. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. Sun Hydraulics Corporation had a net margin of 11.14% and a return on equity of 10.57%. The business had revenue of $81.40 million for the quarter, compared to analyst estimates of $75.49 million. During the same period last year, the firm earned $0.31 earnings per share. Sun Hydraulics Corporation’s revenue for the quarter was up 59.6% compared to the same quarter last year. On average, analysts expect Sun Hydraulics Corporation to post $1.35 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.

Sun Hydraulics Corporation (SNHY) opened at 41.67 on Friday. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 44.33 and a beta of 1.81. The company’s 50-day moving average is $42.16 and its 200-day moving average is $39.36. Sun Hydraulics Corporation has a 52-week low of $28.45 and a 52-week high of $44.82.

The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, June 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Wednesday, June 28th. Sun Hydraulics Corporation’s dividend payout ratio (DPR) is currently 37.90%.

A number of brokerages recently weighed in on SNHY. BidaskClub downgraded shares of Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. TheStreet upgraded Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research upgraded Sun Hydraulics Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Saturday, May 13th.

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In related news, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $44.01, for a total value of $220,050.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tricia L. Fulton sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $41.25, for a total value of $123,750.00. Following the completion of the sale, the chief financial officer now owns 56,211 shares in the company, valued at $2,318,703.75. The disclosure for this sale can be found here. Insiders sold a total of 157,000 shares of company stock worth $6,629,848 over the last 90 days. 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.