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 (EPS) guidance of $2.10-$2.20 for the period, compared to the consensus 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.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped 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.

Helios Technologies Stock Performance

HLIO stock traded down $0.23 during trading on Friday, hitting $53.40. 14,494 shares of the company’s stock traded hands, compared to its average volume of 205,990. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 26.30 and a beta of 0.84. Helios Technologies has a 52 week low of $37.50 and a 52 week high of $57.29. The stock has a fifty day moving average price of $46.08 and a two-hundred day moving average price of $46.49. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. The company had revenue of $194.50 million during the quarter, compared to analyst estimates of $196.41 million. Helios Technologies had a return on equity of 8.29% and a net margin of 4.57%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, equities analysts anticipate that Helios Technologies will post 2.15 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

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

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.