Press coverage about Sun Hydraulics Corporation (NASDAQ:SNHY) has trended positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Hydraulics Corporation earned a daily sentiment score of 0.50 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock’s share price in the near term.
Sun Hydraulics Corporation (NASDAQ:SNHY) traded down 0.19% during midday trading on Monday, hitting $41.78. The stock had a trading volume of 13,663 shares. Sun Hydraulics Corporation has a 12-month low of $28.45 and a 12-month high of $44.82. The firm has a 50-day moving average of $42.53 and a 200-day moving average of $39.01. The company has a market cap of $1.13 billion, a PE ratio of 44.45 and a beta of 1.81.
Sun Hydraulics Corporation (NASDAQ:SNHY) last issued its earnings results on Monday, May 8th. The industrial products company reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The business had revenue of $81.40 million for the quarter, compared to analysts’ expectations of $75.49 million. Sun Hydraulics Corporation had a return on equity of 10.57% and a net margin of 11.14%. The business’s revenue for the quarter was up 59.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS. Equities research analysts forecast that Sun Hydraulics Corporation will post $1.31 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, June 28th. Sun Hydraulics Corporation’s dividend payout ratio is currently 37.90%.
Several equities research analysts have recently issued reports on the company. BidaskClub lowered Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. TheStreet raised Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th. Finally, Zacks Investment Research raised Sun Hydraulics Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Saturday, May 13th.
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In other news, CFO Tricia L. Fulton sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $38.75, for a total transaction of $77,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Tricia L. Fulton sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $41.25, for a total value of $123,750.00. Following the transaction, the chief financial officer now owns 56,211 shares in the company, valued at $2,318,703.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 221,000 shares of company stock worth $9,161,048. Insiders own 10.70% of the company’s stock.
About Sun Hydraulics Corporation
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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