News articles about Sun Hydraulics (NASDAQ:SNHY) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Hydraulics earned a news impact score of 0.03 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.9991554886779 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
Several equities research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Sun Hydraulics from $61.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, May 9th. Sidoti downgraded Sun Hydraulics from a “buy” rating to a “neutral” rating in a report on Tuesday, May 8th. KeyCorp reissued an “overweight” rating and issued a $62.00 price target (down previously from $67.00) on shares of Sun Hydraulics in a report on Tuesday, May 8th. BidaskClub downgraded Sun Hydraulics from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Zacks Investment Research raised Sun Hydraulics from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a report on Saturday, April 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Sun Hydraulics has an average rating of “Hold” and a consensus target price of $60.60.
Sun Hydraulics opened at $48.69 on Monday, MarketBeat Ratings reports. Sun Hydraulics has a 52 week low of $40.25 and a 52 week high of $70.83. The stock has a market cap of $1.54 billion, a P/E ratio of 30.43 and a beta of 1.68.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Tuesday, May 8th. The industrial products company reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.02). Sun Hydraulics had a return on equity of 14.12% and a net margin of 9.27%. The firm had revenue of $97.30 million for the quarter, compared to analyst estimates of $94.81 million. During the same period last year, the firm earned $0.43 EPS. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. analysts expect that Sun Hydraulics will post 1.99 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Thursday, April 5th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Wednesday, April 4th. Sun Hydraulics’s dividend payout ratio (DPR) is 22.50%.
About Sun Hydraulics
Sun Hydraulics Corporation 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.
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