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

Helios Technologies (NASDAQ:HLIO) posted its quarterly earnings results on Tuesday. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05, Briefing.com reports. The firm had revenue of $194.50 million for the quarter, compared to analyst estimates of $196.41 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. 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 3.7 %

NASDAQ:HLIO traded down $2.11 on Thursday, reaching $54.17. The company’s stock had a trading volume of 61,305 shares, compared to its average volume of 205,981. The stock has a 50 day moving average price of $45.89 and a 200 day moving average price of $46.44. 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 firm has a market cap of $1.80 billion, a price-to-earnings ratio of 62.52 and a beta of 0.84. Helios Technologies has a 12-month low of $37.50 and a 12-month high of $57.29.

Helios Technologies Dividend Announcement

The firm also recently disclosed 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 of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.66%. Helios Technologies’s payout ratio is 40.00%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered 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.

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.