Helios Technologies, Inc. (NASDAQ:HLIO) Expected to Post Quarterly Sales of $204.75 Million

Equities research analysts predict that Helios Technologies, Inc. (NASDAQ:HLIO) will report sales of $204.75 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Helios Technologies’ earnings, with the lowest sales estimate coming in at $201.10 million and the highest estimate coming in at $208.40 million. Helios Technologies reported sales of $151.62 million in the same quarter last year, which would suggest a positive year over year growth rate of 35%. The company is expected to issue its next quarterly earnings results on Monday, March 7th.

According to Zacks, analysts expect that Helios Technologies will report full year sales of $854.25 million for the current year, with estimates ranging from $850.25 million to $859.90 million. For the next financial year, analysts forecast that the firm will report sales of $914.74 million, with estimates ranging from $902.60 million to $933.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Helios Technologies.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, November 8th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. Helios Technologies had a net margin of 10.78% and a return on equity of 19.28%. The business had revenue of $223.20 million during the quarter, compared to analysts’ expectations of $195.93 million. During the same period in the prior year, the company earned $0.53 earnings per share. The business’s revenue was up 82.1% compared to the same quarter last year.

Several research firms recently issued reports on HLIO. Morgan Stanley increased their price target on shares of Helios Technologies from $89.00 to $107.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 10th. Robert W. Baird began coverage on shares of Helios Technologies in a report on Thursday, September 2nd. They set a “buy” rating and a $100.00 price target for the company. Finally, Zacks Investment Research raised shares of Helios Technologies from a “sell” rating to a “hold” rating and set a $127.00 price target for the company in a report on Wednesday, November 10th.

NASDAQ HLIO traded down $1.00 during trading hours on Friday, hitting $108.22. 89,748 shares of the stock were exchanged, compared to its average volume of 97,796. The company has a market cap of $3.51 billion, a P/E ratio of 40.38 and a beta of 1.14. Helios Technologies has a 12-month low of $47.69 and a 12-month high of $114.89. The stock has a 50-day moving average of $92.25. The company has a current ratio of 2.26, a quick ratio of 1.32 and a debt-to-equity ratio of 0.66.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 20th. Shareholders of record on Tuesday, October 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.33%. Helios Technologies’s payout ratio is currently 13.43%.

In other Helios Technologies news, CFO Tricia L. Fulton sold 2,000 shares of the company’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $100.02, for a total transaction of $200,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jason Lemar Morgan sold 400 shares of the company’s stock in a transaction dated Wednesday, September 22nd. The stock was sold at an average price of $85.33, for a total value of $34,132.00. The disclosure for this sale can be found here. Insiders have sold 9,800 shares of company stock worth $995,542 over the last 90 days. 0.60% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its holdings in Helios Technologies by 0.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 33,373 shares of the company’s stock valued at $2,740,000 after purchasing an additional 147 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in Helios Technologies by 2.5% in the first quarter. Glenmede Trust Co. NA now owns 6,310 shares of the company’s stock valued at $459,000 after purchasing an additional 155 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Helios Technologies by 46.4% in the third quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock valued at $42,000 after purchasing an additional 162 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Helios Technologies by 1.3% in the third quarter. Voya Investment Management LLC now owns 12,977 shares of the company’s stock valued at $1,066,000 after purchasing an additional 167 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in Helios Technologies by 1.3% in the second quarter. Hillsdale Investment Management Inc. now owns 15,100 shares of the company’s stock valued at $1,179,000 after purchasing an additional 200 shares during the last quarter. 89.13% of the stock is owned by institutional investors.

About Helios Technologies

Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.

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Earnings History and Estimates for Helios Technologies (NASDAQ:HLIO)

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