Sun Hydraulics (SNHY) Given Daily News Impact Rating of 0.21

Media stories about Sun Hydraulics (NASDAQ:SNHY) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. 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 earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the industrial products company an impact score of 45.5511159450686 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Sun Hydraulics (NASDAQ SNHY) opened at $67.59 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 2.62 and a debt-to-equity ratio of 0.43. Sun Hydraulics has a one year low of $34.17 and a one year high of $68.47. The firm has a market capitalization of $1,829.89, a P/E ratio of 56.80 and a beta of 1.79.

Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. The business had revenue of $88.00 million for the quarter, compared to the consensus estimate of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The firm’s revenue was up 94.7% compared to the same quarter last year. During the same period last year, the business earned $0.19 EPS. research analysts predict that Sun Hydraulics will post 1.65 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Friday, January 5th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, January 4th. Sun Hydraulics’s dividend payout ratio is currently 30.25%.

SNHY has been the subject of a number of research reports. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub lowered Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th. Four analysts have rated the stock with a hold rating, Sun Hydraulics currently has an average rating of “Hold” and a consensus target price of $60.00.

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About Sun Hydraulics

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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