Helios Technologies (NASDAQ:HLIO) Announces Earnings Results

Helios Technologies (NASDAQ:HLIO) posted its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05, Briefing.com reports. Helios Technologies had a net margin of 4.57% and a return on equity of 8.29%. The company had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. During the same period last year, the business posted $0.44 EPS. The business’s quarterly revenue 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 Stock Down 4.7 %

HLIO opened at $53.63 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 26.30 and a beta of 0.84. 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 firm’s fifty day moving average price is $46.08 and its two-hundred day moving average price is $46.49. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $57.29.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.67%. Helios Technologies’s dividend payout ratio (DPR) is currently 31.86%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report 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.