Equities research analysts forecast that Sun Hydraulics Co. (NASDAQ:SNHY) will post $133.92 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Sun Hydraulics’ earnings, with estimates ranging from $132.40 million to $135.10 million. Sun Hydraulics reported sales of $84.15 million during the same quarter last year, which indicates a positive year-over-year growth rate of 59.1%. The business is scheduled to issue its next earnings results on Monday, February 25th.
According to Zacks, analysts expect that Sun Hydraulics will report full year sales of $503.22 million for the current year, with estimates ranging from $501.70 million to $504.40 million. For the next year, analysts forecast that the company will post sales of $597.40 million, with estimates ranging from $591.90 million to $611.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The company had revenue of $135.80 million for the quarter, compared to analyst estimates of $141.42 million. During the same quarter in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 54.3% on a year-over-year basis.
A number of analysts have commented on the stock. BidaskClub upgraded shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. SunTrust Banks lowered their price objective on Sun Hydraulics to $46.00 and set an “accumulate” rating for the company in a research report on Wednesday, November 7th. ValuEngine lowered Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. Zacks Investment Research raised Sun Hydraulics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Robert W. Baird set a $50.00 price objective on Sun Hydraulics and gave the company a “hold” rating in a research report on Tuesday, August 7th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $58.17.
In related news, Director Christine L. Koski sold 15,300 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was sold at an average price of $52.28, for a total value of $799,884.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Tricia L. Fulton sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $54.21, for a total value of $406,575.00. Following the completion of the transaction, the chief financial officer now directly owns 62,091 shares in the company, valued at $3,365,953.11. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 104,601 shares of company stock valued at $5,620,982. 7.80% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SNHY. Clearstead Advisors LLC purchased a new position in Sun Hydraulics in the 3rd quarter worth approximately $205,000. Amalgamated Bank purchased a new position in Sun Hydraulics in the 2nd quarter worth approximately $211,000. Private Advisor Group LLC purchased a new position in Sun Hydraulics in the 3rd quarter worth approximately $219,000. Truvestments Capital LLC purchased a new position in Sun Hydraulics in the 3rd quarter worth approximately $222,000. Finally, D.A. Davidson & CO. purchased a new position in Sun Hydraulics in the 3rd quarter worth approximately $223,000. 85.79% of the stock is currently owned by institutional investors.
Shares of Sun Hydraulics stock traded up $0.12 during trading on Monday, reaching $41.34. 84,754 shares of the company traded hands, compared to its average volume of 169,658. The company has a quick ratio of 1.17, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Sun Hydraulics has a 1-year low of $37.01 and a 1-year high of $70.83. The company has a market capitalization of $1.27 billion, a PE ratio of 25.84 and a beta of 1.71.
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.
See Also: Fundamental Analysis
Get a free copy of the Zacks research report on Sun Hydraulics (SNHY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com