Helios Technologies (NASDAQ:HLIO) Issues Quarterly Earnings Results

Helios Technologies (NASDAQ:HLIO) posted its quarterly earnings results on Wednesday. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08, Briefing.com reports. Helios Technologies had a net margin of 4.49% and a return on equity of 9.19%. The business had revenue of $212.00 million during the quarter, compared to the consensus estimate of $205.61 million. During the same quarter in the previous year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. Helios Technologies updated its FY24 guidance to $2.35-2.75 EPS and its FY 2024 guidance to 2.350-2.750 EPS.

Helios Technologies Stock Up 7.0 %

NASDAQ:HLIO traded up $3.40 during mid-day trading on Thursday, hitting $51.78. The stock had a trading volume of 153,853 shares, compared to its average volume of 204,654. Helios Technologies has a twelve month low of $37.50 and a twelve month high of $67.31. The stock has a 50-day simple moving average of $44.81 and a two-hundred day simple moving average of $43.80. The company has a current ratio of 2.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.72 billion, a PE ratio of 45.62 and a beta of 0.93.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, April 4th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. Helios Technologies’s payout ratio is 31.58%.

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.