Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Sun Hydraulics (SNHY) Stock Price

News stories about Sun Hydraulics (NASDAQ:SNHY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Hydraulics earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 45.5511159450686 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

A number of research analysts have commented on SNHY shares. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Sidoti started coverage on Sun Hydraulics in a research report on Thursday, September 14th. They issued a “neutral” rating on the stock. Finally, Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and increased their price objective for the company from $55.00 to $57.00 in a research report on Friday, October 13th. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $60.00.

Sun Hydraulics (NASDAQ:SNHY) opened at $67.57 on Tuesday. Sun Hydraulics has a 12-month low of $34.17 and a 12-month high of $68.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96. The company has a market capitalization of $1,830.00, a price-to-earnings ratio of 57.26 and a beta of 1.79.

Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The business had revenue of $88.00 million for the quarter, compared to analyst estimates of $80.66 million. During the same period last year, the company earned $0.19 EPS. The firm’s revenue was up 94.7% on a year-over-year basis. equities research analysts predict that Sun Hydraulics will post 1.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Friday, January 5th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.53%. Sun Hydraulics’s dividend payout ratio is currently 30.51%.

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Sun Hydraulics 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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