News stories about Sun Hydraulics (NASDAQ:SNHY) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Hydraulics earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.5511210575436 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Sun Hydraulics Corp. breached its 50 day moving average in a Bearish Manner : SNHY-US : December 11, 2017 (finance.yahoo.com)
- 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)
A number of research analysts have recently weighed in on SNHY shares. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Sidoti started coverage on Sun Hydraulics in a research report on Thursday, September 14th. They set a “neutral” rating for the company. Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $57.00 in a research report on Friday, October 13th. Finally, BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $60.00.
Sun Hydraulics (NASDAQ:SNHY) opened at $56.75 on Tuesday. 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 1-year low of $34.17 and a 1-year high of $63.63. The company has a market cap of $1,550.00, a PE ratio of 39.45 and a beta of 1.79.
Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a net margin of 10.34% and a return on equity of 15.54%. The firm had revenue of $88.00 million during the quarter, compared to the consensus estimate of $80.66 million. During the same quarter last year, the firm earned $0.19 EPS. The firm’s revenue for the quarter was up 94.7% compared to the same quarter last year. research analysts expect that Sun Hydraulics will post 1.65 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Friday, January 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Thursday, January 4th. Sun Hydraulics’s payout ratio is 30.51%.
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About Sun Hydraulics
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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