Helios Technologies (NASDAQ:HLIO) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Helios Technologies (NASDAQ:HLIO) released its quarterly earnings data on Tuesday. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05, Briefing.com reports. The company 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 8.29% and a net margin of 4.57%. Helios Technologies’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. 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 Down 0.7 %

Shares of NASDAQ:HLIO traded down $0.35 during midday trading on Friday, reaching $53.28. The company’s stock had a trading volume of 53,050 shares, compared to its average volume of 206,154. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $57.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The firm has a 50 day moving average price of $46.08 and a two-hundred day moving average price of $46.49. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 26.30 and a beta of 0.84.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.68%. The ex-dividend date was Friday, October 4th. Helios Technologies’s payout ratio is presently 31.86%.

Analyst Upgrades and Downgrades

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

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.