Sun Hydraulics Co. (SNHY) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

New Delhi : Sun Hydraulics Co. (SNHY) announced its quarterly results on Monday. The company reported $0.41 earnings per share for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.01. The company’s quarterly revenue was up 39.8% on a year-over-year basis.

On a related note, analysts at Zacks Investment Research downgraded shares of Sun Hydraulics Co. from an "outperform" rating to a "neutral" rating in a research note to investors on Wednesday, August 3rd. Also, analysts at Piper Jaffray (NYSE: PJC) initiated coverage on shares of Sun Hydraulics Co. in a research note to investors on Tuesday, August 2nd. They set a "neutral" rating and a $33.00 price target on the stock.