Equities analysts forecast that Sun Hydraulics Co. (NASDAQ:SNHY) will announce $140.77 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Sun Hydraulics’ earnings, with the lowest sales estimate coming in at $138.80 million and the highest estimate coming in at $145.50 million. Sun Hydraulics posted sales of $88.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 60%. The company is scheduled to report its next quarterly earnings results on Monday, November 5th.

According to Zacks, analysts expect that Sun Hydraulics will report full-year sales of $514.53 million for the current financial year, with estimates ranging from $509.30 million to $517.50 million. For the next fiscal year, analysts expect that the company will report sales of $612.57 million, with estimates ranging from $600.80 million to $621.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sun Hydraulics.

Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.12). The company had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $139.80 million. Sun Hydraulics had a return on equity of 11.79% and a net margin of 8.08%. Sun Hydraulics’s quarterly revenue was up 52.5% compared to the same quarter last year. During the same period last year, the firm posted $0.27 earnings per share.

A number of equities analysts recently weighed in on SNHY shares. BidaskClub downgraded shares of Sun Hydraulics from a “sell” rating to a “strong sell” rating in a report on Wednesday, June 20th. Zacks Investment Research downgraded shares of Sun Hydraulics from a “hold” rating to a “sell” rating in a report on Sunday, July 15th. SunTrust Banks cut their price target on shares of Sun Hydraulics to $59.00 and set a “$49.53” rating on the stock in a report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $50.00 price target on shares of Sun Hydraulics and gave the stock a “hold” rating in a report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Sun Hydraulics has a consensus rating of “Hold” and a consensus target price of $60.83.

In other Sun Hydraulics news, Director Christine L. Koski sold 29,580 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $56.86, for a total transaction of $1,681,918.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine L. Koski sold 7,500 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $50.18, for a total transaction of $376,350.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,601 shares of company stock worth $5,620,982. Insiders own 7.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SNHY. Royce & Associates LP increased its position in shares of Sun Hydraulics by 0.8% during the second quarter. Royce & Associates LP now owns 2,334,624 shares of the industrial products company’s stock valued at $112,506,000 after buying an additional 17,900 shares during the period. Wasatch Advisors Inc. increased its position in shares of Sun Hydraulics by 12.0% during the second quarter. Wasatch Advisors Inc. now owns 2,314,584 shares of the industrial products company’s stock valued at $111,540,000 after buying an additional 248,891 shares during the period. BlackRock Inc. increased its position in shares of Sun Hydraulics by 11.3% during the second quarter. BlackRock Inc. now owns 1,882,223 shares of the industrial products company’s stock valued at $90,703,000 after buying an additional 191,707 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Sun Hydraulics by 6.2% during the second quarter. Conestoga Capital Advisors LLC now owns 1,248,622 shares of the industrial products company’s stock valued at $60,171,000 after buying an additional 72,645 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Sun Hydraulics by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 947,817 shares of the industrial products company’s stock valued at $45,676,000 after buying an additional 53,912 shares during the period. 85.72% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:SNHY traded up $0.01 during midday trading on Wednesday, reaching $46.21. The company had a trading volume of 143,430 shares, compared to its average volume of 172,649. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.78. The company has a market capitalization of $1.73 billion, a P/E ratio of 28.88 and a beta of 1.68. Sun Hydraulics has a 52-week low of $45.44 and a 52-week high of $70.83.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, October 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, October 4th. Sun Hydraulics’s dividend payout ratio (DPR) is presently 22.50%.

Sun Hydraulics Company Profile

Helios Technologies 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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Earnings History and Estimates for Sun Hydraulics (NASDAQ:SNHY)

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