Media coverage about Sun Hydraulics Corporation (NASDAQ:SNHY) has been trending somewhat positive this week, according to Accern. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sun Hydraulics Corporation earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the next several days.

Shares of Sun Hydraulics Corporation (NASDAQ:SNHY) opened at 41.72 on Friday. The company has a market cap of $1.13 billion, a P/E ratio of 44.38 and a beta of 1.81. Sun Hydraulics Corporation has a 12 month low of $28.46 and a 12 month high of $44.82. The firm has a 50 day moving average price of $42.53 and a 200-day moving average price of $39.01.

Sun Hydraulics Corporation (NASDAQ:SNHY) last posted its earnings results on Monday, May 8th. The industrial products company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Sun Hydraulics Corporation had a return on equity of 10.57% and a net margin of 11.14%. The company had revenue of $81.40 million for the quarter, compared to the consensus estimate of $75.49 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 59.6% on a year-over-year basis. Analysts anticipate that Sun Hydraulics Corporation will post $1.31 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Wednesday, June 28th. Sun Hydraulics Corporation’s payout ratio is 37.90%.

A number of analysts have issued reports on the company. BidaskClub lowered Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. TheStreet raised Sun Hydraulics Corporation from a “c” rating to a “b” rating in a report on Monday, May 8th. Finally, Zacks Investment Research upgraded Sun Hydraulics Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Saturday, May 13th.

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In other news, CFO Tricia L. Fulton sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $38.75, for a total value of $77,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $44.01, for a total value of $220,050.00. The disclosure for this sale can be found here. Insiders sold 221,000 shares of company stock worth $9,161,048 in the last ninety days. 10.70% of the stock is owned by company insiders.

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.

Insider Buying and Selling by Quarter for Sun Hydraulics Corporation (NASDAQ:SNHY)

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