Helios Technologies (NASDAQ:HLIO) Releases Earnings Results, Beats Estimates By $0.05 EPS

Helios Technologies (NASDAQ:HLIO) posted its earnings results on Tuesday. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05, Briefing.com reports. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 8.29% and a net margin of 4.57%. Helios Technologies’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS. 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 4.7 %

Shares of NASDAQ:HLIO opened at $53.63 on Friday. The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 26.30 and a beta of 0.84. Helios Technologies has a 12 month low of $37.50 and a 12 month high of $57.29. The company’s fifty day simple moving average is $46.08 and its 200 day simple moving average is $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 Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, October 4th. Helios Technologies’s dividend payout ratio is 31.86%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research note 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.