Sun Hydraulics Co. (NASDAQ:SNHY) – Stock analysts at KeyCorp cut their Q4 2018 EPS estimates for Sun Hydraulics in a report released on Monday, November 5th. KeyCorp analyst J. Hammond now anticipates that the industrial products company will earn $0.45 per share for the quarter, down from their previous estimate of $0.49.
Sun Hydraulics (NASDAQ:SNHY) last announced its earnings results on Tuesday, November 6th. The industrial products company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $135.80 million for the quarter, compared to analysts’ expectations of $141.42 million. Sun Hydraulics had a net margin of 7.29% and a return on equity of 11.20%. The business’s quarterly revenue was up 54.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 earnings per share.
Shares of NASDAQ:SNHY opened at $41.30 on Thursday. The stock has a market cap of $1.20 billion, a P/E ratio of 25.81 and a beta of 1.71. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. Sun Hydraulics has a one year low of $37.01 and a one year high of $70.83.
The firm also recently disclosed a quarterly dividend, which was paid on Saturday, October 20th. Shareholders of record on Friday, October 5th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.87%. Sun Hydraulics’s dividend payout ratio is presently 22.50%.
In other news, Director Christine L. Koski sold 29,580 shares of Sun Hydraulics stock in a transaction that occurred on Friday, September 21st. The stock was sold at an average price of $56.86, for a total value of $1,681,918.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine L. Koski sold 7,500 shares of Sun Hydraulics stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $50.18, for a total value of $376,350.00. The disclosure for this sale can be found here. Insiders have sold a total of 104,601 shares of company stock worth $5,620,982 over the last 90 days. 7.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Private Advisor Group LLC acquired a new position in shares of Sun Hydraulics in the 3rd quarter worth approximately $219,000. Truvestments Capital LLC acquired a new position in Sun Hydraulics during the 3rd quarter valued at approximately $222,000. Amalgamated Bank acquired a new position in Sun Hydraulics during the 2nd quarter valued at approximately $211,000. Xact Kapitalforvaltning AB boosted its position in Sun Hydraulics by 69.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock valued at $287,000 after purchasing an additional 2,200 shares during the period. Finally, LPL Financial LLC acquired a new position in Sun Hydraulics during the 1st quarter valued at approximately $291,000. Institutional investors own 86.21% of the company’s stock.
About Sun Hydraulics
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.
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