Helios Technologies (NASDAQ:HLIO) Updates FY 2024 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 2.100-2.200 for the period, compared to the consensus EPS estimate of 2.260. The company issued revenue guidance of $800.0 million-$805.0 million, compared to the consensus revenue estimate of $824.4 million. Helios Technologies also updated its FY24 guidance to $2.10-$2.20 EPS.

Analysts Set New Price Targets

HLIO has been the topic of a number of research reports. KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus dropped their price objective on shares of 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 Stock Performance

Shares of HLIO stock traded up $0.10 during mid-day trading on Tuesday, reaching $49.07. The stock had a trading volume of 163,248 shares, compared to its average volume of 204,924. Helios Technologies has a one year low of $37.50 and a one year high of $54.06. The firm has a market cap of $1.63 billion, a PE ratio of 54.41 and a beta of 0.84. The firm’s 50 day simple moving average is $45.53 and its 200 day simple moving average is $46.35. 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 quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue was down 3.4% compared to the same quarter last year. On average, analysts forecast that Helios Technologies will post 2.3 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date was Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is 40.00%.

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.