Helios Technologies (NASDAQ:HLIO) Announces Quarterly Earnings Results

Helios Technologies (NASDAQ:HLIO) released its earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03, Briefing.com reports. The business had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. Helios Technologies updated its FY 2024 guidance to 2.100-2.200 EPS and its FY24 guidance to $2.10-$2.20 EPS.

Helios Technologies Stock Up 15.5 %

Shares of NASDAQ:HLIO traded up $7.59 on Wednesday, reaching $56.66. The company had a trading volume of 318,147 shares, compared to its average volume of 205,450. The firm has a market capitalization of $1.88 billion, a PE ratio of 61.78 and a beta of 0.84. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. Helios Technologies has a 52-week low of $37.50 and a 52-week high of $57.29. The firm’s 50 day simple moving average is $45.63 and its 200-day simple moving average is $46.37.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.64%. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

Wall Street Analyst Weigh In

HLIO has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

About Helios Technologies

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.