$93.94 Million in Sales Expected for Sun Hydraulics Co. (SNHY) This Quarter
Equities analysts expect that Sun Hydraulics Co. (NASDAQ:SNHY) will announce $93.94 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Sun Hydraulics’ earnings, with the highest sales estimate coming in at $95.20 million and the lowest estimate coming in at $93.15 million. Sun Hydraulics reported sales of $81.35 million during the same quarter last year, which indicates a positive year over year growth rate of 15.5%. The firm is expected to report its next quarterly earnings report on Monday, May 14th.
According to Zacks, analysts expect that Sun Hydraulics will report full-year sales of $93.94 million for the current fiscal year, with estimates ranging from $378.17 million to $385.20 million. For the next fiscal year, analysts expect that the firm will report sales of $410.20 million per share, with estimates ranging from $402.20 million to $423.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sun Hydraulics.
Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The firm had revenue of $84.15 million for the quarter, compared to the consensus estimate of $83.79 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The business’s revenue was up 68.7% on a year-over-year basis.
Sun Hydraulics (NASDAQ SNHY) traded down $0.18 on Wednesday, reaching $52.85. 181,477 shares of the company’s stock traded hands, compared to its average volume of 320,623. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 3.20. Sun Hydraulics has a 1 year low of $34.17 and a 1 year high of $70.83. The firm has a market capitalization of $1,670.00, a P/E ratio of 44.79 and a beta of 1.79.
Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. raised its holdings in shares of Sun Hydraulics by 191.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock valued at $126,000 after purchasing an additional 1,536 shares during the last quarter. Simplex Trading LLC purchased a new stake in shares of Sun Hydraulics in the fourth quarter valued at about $156,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Sun Hydraulics in the fourth quarter valued at about $204,000. Amalgamated Bank purchased a new stake in shares of Sun Hydraulics in the fourth quarter valued at about $208,000. Finally, Aperio Group LLC purchased a new stake in shares of Sun Hydraulics in the third quarter valued at about $201,000. Institutional investors own 69.27% of the company’s stock.
WARNING: “$93.94 Million in Sales Expected for Sun Hydraulics Co. (SNHY) This Quarter” was originally posted by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.dailypolitical.com/2018/03/05/93-94-million-in-sales-expected-for-sun-hydraulics-co-snhy-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related companies with MarketBeat.com's FREE daily email newsletter.