Helios Technologies (NASDAQ:HLIO) Announces Earnings Results

Helios Technologies (NASDAQ:HLIO) released its earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05, Briefing.com reports. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. During the same period last year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. 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 Trading Up 14.7 %

NASDAQ:HLIO opened at $56.27 on Thursday. Helios Technologies has a 1 year low of $37.50 and a 1 year high of $57.29. The stock’s fifty day moving average price is $45.89 and its two-hundred day moving average price is $46.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49. The company has a market cap of $1.87 billion, a P/E ratio of 62.52 and a beta of 0.84.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were paid a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.64%. Helios Technologies’s dividend payout ratio is 40.00%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

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.