Helios Technologies (NASDAQ:HLIO) Updates FY24 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.25-2.45 for the period, compared to the consensus estimate of $2.45. The company issued revenue guidance of $825-840 million, compared to the consensus revenue estimate of $845.77 million.

Helios Technologies Trading Down 1.0 %

NASDAQ:HLIO traded down $0.40 on Monday, hitting $41.51. 207,598 shares of the stock were exchanged, compared to its average volume of 214,020. The stock has a market cap of $1.38 billion, a PE ratio of 19.40 and a beta of 0.85. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $46.83 and a 200-day moving average of $45.71. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $63.09.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. The firm had revenue of $212.00 million during the quarter, compared to analyst estimates of $205.61 million. During the same quarter last year, the firm earned $0.72 EPS. Helios Technologies’s quarterly revenue was down .6% on a year-over-year basis. As a group, equities analysts expect that Helios Technologies will post 2.45 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, July 5th. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

Analysts Set New Price Targets

Separately, KeyCorp cut Helios Technologies from an overweight rating to a sector weight rating in a research note on Tuesday, July 9th.

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.