Helios Technologies (NASDAQ:HLIO) Issues 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.

Helios Technologies Stock Up 14.7 %

Shares of NASDAQ:HLIO traded up $7.20 on Wednesday, hitting $56.27. 577,097 shares of the company’s stock were exchanged, compared to its average volume of 206,654. The firm’s 50-day moving average is $45.89 and its 200 day moving average is $46.44. The company has a market capitalization of $1.87 billion, a PE ratio of 62.52 and a beta of 0.84. 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 quick ratio of 1.49 and a current ratio of 2.92.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The company had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $196.41 million. During the same quarter last year, the company earned $0.44 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Sell-side analysts predict that Helios Technologies will post 2.3 EPS for the current year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is currently 40.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLIO shares. KeyCorp downgraded Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th. Stifel Nicolaus lowered their target price on shares of 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 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.