Sun Hydraulics (SNHY) Misses Q3 EPS by 1c; Issues Light Profit Outlook
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Baird Upgrades Sun Hydraulics (SNHY) to Outperform
November 8, 2016 8:31 AM ESTBaird upgraded Sun Hydraulics (NASDAQ: SNHY) from Neutral to Outperform with a price target of $35.00.
For an analyst ratings summary and ratings history on Sun Hydraulics click here. For more ratings news on Sun Hydraulics click here.
Shares of Sun Hydraulics closed at $30.60 yesterday.
... MoreSun Hydraulics (SNHY) to Acquire Enovation Controls in ~$250M Deal
November 7, 2016 4:06 PM ESTSun Hydraulics Corporation (Nasdaq: SNHY) has entered into an agreement with Enovation Controls, LLC, an Oklahoma-based and privately held provider of electronic control, display and instrumentation solutions, to acquire its Power Controls (PC) and Vehicle Technologies (VT) lines of business. The acquisition is expected to close in 30 days, subject to regulatory approval and other customary closing conditions.
Key Transaction Highlights:
Acquisition value at initial consideration of $200M and additional earn-out potential of $50M over 27 monthsExpected to be immediately accretive to Sun's 2017 earnings per share by $0.25 - $0.35Funded with... More