Sun Hydraulics Co. (SNHY) Updates Q4 Earnings Guidance
Sun Hydraulics Co. (SNHY) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.22-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.32.
Sun Hydraulics Co. (SNHY) traded down 1.68% on Monday, hitting $25.80. Sun Hydraulics Co. (SNHY) has a 52-week low of $20.81 and a 52-week high of $33.65. The company has a market cap of $670.5 million and a price-to-earnings ratio of 17.25.
Sun Hydraulics last posted its quarterly earnings results on Monday, November 5th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by $0.02. The company had revenue of $48.80 million for the quarter, compared to the consensus estimate of $48.74 million. During the same quarter in 2011, the company posted $0.44 earnings per share. Sun Hydraulics’s revenue was down 7.9% compared to the same quarter last year. On average, analysts predict that Sun Hydraulics Co. (SNHY) will post $1.53 earnings per share for the current fiscal year.
Sun Hydraulics Corporation designs and manufactures screw-in hydraulic cartridge valves, manifolds and integrated packages for sale to international markets.
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