Helios Technologies (NASDAQ:HLIO) Releases FY24 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.10-$2.20 for the period, compared to the consensus earnings per share estimate of $2.26. The company issued revenue guidance of $800-$805 million, compared to the consensus revenue estimate of $823.59 million. Helios Technologies also updated its FY 2024 guidance to 2.100-2.200 EPS.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus lowered their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th.

Helios Technologies Trading Up 14.7 %

NASDAQ HLIO traded up $7.20 on Wednesday, reaching $56.27. The stock had a trading volume of 577,097 shares, compared to its average volume of 206,654. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average price of $45.89 and a two-hundred day moving average price of $46.44. Helios Technologies has a 12-month low of $37.50 and a 12-month high of $57.29. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 62.52 and a beta of 0.84.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 EPS. As a group, sell-side analysts forecast that Helios Technologies will post 2.3 EPS for the current fiscal year.

Helios Technologies Announces Dividend

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

Helios Technologies Company Profile

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.