Sun Hydraulics Corporation (SNHY) Receiving Somewhat Positive Press Coverage, Study Shows
Press coverage about Sun Hydraulics Corporation (NASDAQ:SNHY) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 47.3867657086152 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Sun Hydraulics Corporation (NASDAQ:SNHY) Upgraded by BidaskClub to Sell (americanbankingnews.com)
- Zacks: Sun Hydraulics Corporation (NASDAQ:SNHY) Given $55.00 Average Price Target by Analysts (americanbankingnews.com)
- IHS Markit Score Update: Rise in demand for ETFs holding Sun Hydraulics Corp is a positive for its shares (finance.yahoo.com)
- Sun Hydraulics Corporation (NASDAQ:SNHY) Director Sells $946,600.00 in Stock (americanbankingnews.com)
- Sun Hydraulics (SNHY) Looks Good: Stock Adds 9.5% in Session (zacks.com)
Sun Hydraulics Corporation (NASDAQ:SNHY) opened at 46.79 on Friday. The stock’s 50 day moving average is $42.58 and its 200 day moving average is $39.72. Sun Hydraulics Corporation has a 52-week low of $28.46 and a 52-week high of $48.44. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 49.25 and a beta of 1.81.
Sun Hydraulics Corporation (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $89.30 million during the quarter, compared to analyst estimates of $79.18 million. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The company’s revenue was up 75.8% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. Equities research analysts forecast that Sun Hydraulics Corporation will post $1.56 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Friday, June 30th were given a $0.09 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.77%. Sun Hydraulics Corporation’s payout ratio is 37.50%.
Several research firms have recently weighed in on SNHY. BidaskClub lowered shares of Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Zacks Investment Research upgraded shares of Sun Hydraulics Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, TheStreet upgraded shares of Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research report on Monday, May 8th.
In related news, Director Christine L. Koski sold 5,000 shares of Sun Hydraulics Corporation stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $44.01, for a total value of $220,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine L. Koski sold 20,000 shares of Sun Hydraulics Corporation stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $47.33, for a total value of $946,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 84,000 shares of company stock valued at $3,689,798. Corporate 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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