Sun Hydraulics Co. (SNHY) updated its first quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.34-0.36 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $51 million, compared to the consensus revenue estimate of $50.22 million.
On a related note, analysts at Zacks upgraded shares of Sun Hydraulics from an underperform rating to a neutral rating in a research note to investors on Tuesday, January 8th. They now have a $28.30 price target on the stock.
Sun Hydraulics Co. (SNHY) traded up 3.59% on Monday, hitting $29.13. Sun Hydraulics Co. (SNHY) has a 52-week low of $20.81 and a 52-week high of $30.68. The stock’s 50-day moving average is currently $27.66. The company has a market cap of $760.0 million and a price-to-earnings ratio of 19.79.
Sun Hydraulics last announced its earnings results on Monday, March 4th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $43.20 million for the quarter, compared to the consensus estimate of $41.40 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. Sun Hydraulics has set its Q1 guidance at $0.34-0.36 EPS. Analysts expect that Sun Hydraulics Co. (SNHY) will post $1.41 EPS for the current fiscal year.
Sun Hydraulics Corporation designs and manufactures screw-in hydraulic cartridge valves, manifolds and integrated packages for sale to international markets.
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