News articles about Sun Hydraulics Corporation (NASDAQ:SNHY) have been trending positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sun Hydraulics Corporation earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s scoring:
- 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 Has Returned 25.7% Since SmarTrend Recommendation (SNHY) (mysmartrend.com)
Shares of Sun Hydraulics Corporation (NASDAQ:SNHY) traded down 1.89% on Friday, hitting $46.79. 133,451 shares of the stock traded hands. Sun Hydraulics Corporation has a 12-month low of $28.46 and a 12-month high of $48.44. The firm’s 50-day moving average is $42.44 and its 200 day moving average is $39.65. The firm has a market cap of $1.27 billion, a P/E ratio of 49.25 and a beta of 1.81.
Sun Hydraulics Corporation (NASDAQ:SNHY) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.13. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.25%. The business had revenue of $89.30 million during the quarter, compared to the consensus estimate of $79.18 million. During the same quarter last year, the company earned $0.26 earnings per share. The business’s quarterly revenue was up 75.8% compared to the same quarter last year. Equities research analysts forecast that Sun Hydraulics Corporation will post $1.56 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, June 28th. Sun Hydraulics Corporation’s payout ratio is currently 37.50%.
Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Sun Hydraulics Corporation from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research upgraded shares of Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a report on Friday. Finally, TheStreet upgraded shares of Sun Hydraulics Corporation from a “c” rating to a “b” rating in a report on Monday, May 8th.
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In other Sun Hydraulics Corporation news, Director Christine L. Koski sold 24,300 shares of Sun Hydraulics Corporation stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $43.14, for a total value of $1,048,302.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine L. Koski sold 20,000 shares of Sun Hydraulics Corporation stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $42.20, for a total transaction of $844,000.00. The disclosure for this sale can be found here. Insiders have sold 84,000 shares of company stock valued at $3,689,798 in the last three months. Corporate insiders own 10.70% of the company’s stock.
Sun Hydraulics Corporation Company Profile
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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