News coverage about Sun Hydraulics (NASDAQ:SNHY) has trended positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Hydraulics earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave headlines about the industrial products company an impact score of 45.6329881908476 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
A number of analysts recently commented on SNHY shares. BidaskClub cut shares of Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research cut shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, Robert W. Baird cut shares of Sun Hydraulics from an “outperform” rating to a “neutral” rating and upped their price target for the company from $55.00 to $57.00 in a research note on Friday, October 13th. Four investment analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $60.00.
Shares of Sun Hydraulics (SNHY) opened at $68.79 on Friday. Sun Hydraulics has a 52 week low of $34.17 and a 52 week high of $69.84. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.62. The company has a market cap of $1,862.35, a P/E ratio of 47.44 and a beta of 1.79.
Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $88.00 million for the quarter, compared to analysts’ expectations of $80.66 million. During the same period in the prior year, the company posted $0.19 EPS. The business’s revenue for the quarter was up 94.7% compared to the same quarter last year. research analysts predict that Sun Hydraulics will post 1.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Friday, January 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Thursday, January 4th. 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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