Sun Hydraulics Corporation (SNHY) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Sun Hydraulics Corporation (SNHY) reported quarterly earnings results on Monday, May-9-2016. The company reported $0.31 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.32. The company posted revenue of $51.00 million in the period, compared to analysts expectations of $50.04 million. The company’s revenue was down -6.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.

Sun Hydraulics Corporation opened for trading at $33.69 and hit $35.14 on the upside on Friday, eventually ending the session at $34.63, with a gain of 2.03% or 0.69 points. The heightened volatility saw the trading volume jump to 55,802 shares. Company has a market cap of $928 M.

In a different news, on Apr 29, 2016, Mark B Bokorney (Officer) sold 387 shares at $35.90 per share price. According to the SEC, on Apr 28, 2016, Tricia L Fulton (Chief Financial Officer) sold 111 shares at $35.00 per share price. On Mar 30, 2016, Allen J Carlson (President, CEO) sold 14,466 shares at $33.50 per share price, according to the Form-4 filing with the securities and exchange commission.

Sun Hydraulics Corporation (Sun) manufactures hydraulics components and systems used to transmit power and control force speed and motion. The Company at components level designs and manufactures screw-in hydraulic cartridge valves manifolds and integrated fluid power packages and subsystems. The Company sells its products through a combination of wholly owned companies representative sales offices and independent and authorized distributors. The Company has operations in the United States England Germany France South Korea China and India. The Screw-in Hydraulic Valves products offers self-aligning cartridge valves. The Standard Manifolds products offer metallic manifolds. The Integrated Packages product provides customer specific cartridge valves. The Electronic Controllers products design and manufacture electronic controllers.

Sun Hydraulics Corporation

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