Sun Hydraulics (NASDAQ:SNHY) Earning Somewhat Positive Media Coverage, Accern Reports

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News coverage about Sun Hydraulics (NASDAQ:SNHY) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sun Hydraulics earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.4687414703003 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Shares of SNHY traded down $2.35 during mid-day trading on Friday, reaching $50.40. 187,841 shares of the stock traded hands, compared to its average volume of 265,695. The firm has a market capitalization of $1,649.79, a P/E ratio of 31.50 and a beta of 1.66. Sun Hydraulics has a 12-month low of $34.17 and a 12-month high of $70.83. The company has a quick ratio of 2.29, a current ratio of 3.20 and a debt-to-equity ratio of 0.43.

Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. The company had revenue of $84.15 million for the quarter, compared to analyst estimates of $83.79 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The business’s quarterly revenue was up 68.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. equities analysts expect that Sun Hydraulics will post 1.88 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, April 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. Sun Hydraulics’s dividend payout ratio is currently 22.50%.

Several research analysts recently commented on the stock. Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. SunTrust Banks assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued a “buy” rating on the stock. William Blair assumed coverage on shares of Sun Hydraulics in a report on Friday, February 23rd. They issued an “outperform” rating on the stock. ValuEngine upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a report on Monday. Finally, KeyCorp assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued an “overweight” rating and a $67.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $63.00.

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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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