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

Helios Technologies (NASDAQ:HLIO) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 2.100-2.200 for the period, compared to the consensus earnings per share 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

Several brokerages have commented on HLIO. KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus reduced their price target 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 Up 14.7 %

Shares of HLIO traded up $7.20 during midday trading on Wednesday, reaching $56.27. The stock had a trading volume of 577,097 shares, compared to its average volume of 206,654. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $57.29. 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 company has a market cap of $1.87 billion, a price-to-earnings ratio of 62.52 and a beta of 0.84. The company’s fifty day simple moving average is $45.89 and its two-hundred day simple moving average is $46.44.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $196.41 million. During the same quarter in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis. Equities research analysts expect that Helios Technologies will post 2.3 earnings per share for the current year.

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 of this dividend was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.64%. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

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.