Helios Technologies (NASDAQ:HLIO) Posts Earnings Results, Beats Expectations By $0.13 EPS

Helios Technologies (NASDAQ:HLIOGet Free Report) issued its quarterly earnings data on Monday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.13, Briefing.com reports. The firm had revenue of $193.40 million during the quarter, compared to the consensus estimate of $183.87 million. Helios Technologies had a return on equity of 9.25% and a net margin of 4.49%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $0.78 EPS. Helios Technologies updated its FY24 guidance to $2.35-2.75 EPS.

Helios Technologies Trading Up 0.9 %

NASDAQ HLIO traded up $0.40 during trading on Thursday, hitting $44.52. The stock had a trading volume of 16,914 shares, compared to its average volume of 217,429. The company has a market capitalization of $1.47 billion, a PE ratio of 38.47 and a beta of 0.99. The company has a quick ratio of 1.48, a current ratio of 3.01 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $43.03 and a 200 day moving average price of $47.67. Helios Technologies has a twelve month low of $37.50 and a twelve month high of $72.61.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 19th. Shareholders of record on Thursday, January 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.81%. The ex-dividend date was Wednesday, January 3rd. Helios Technologies’s dividend payout ratio is currently 31.58%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TheStreet downgraded Helios Technologies from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. KeyCorp cut their price objective on Helios Technologies from $70.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $70.25.

Check Out Our Latest Stock Report on Helios Technologies

Hedge Funds Weigh In On Helios Technologies

Institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd grew its position in shares of Helios Technologies by 417.9% during the second quarter. Point72 Hong Kong Ltd now owns 1,041 shares of the company’s stock worth $69,000 after buying an additional 840 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Helios Technologies by 570.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,207 shares of the company’s stock worth $80,000 after buying an additional 1,027 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Helios Technologies by 54.3% during the first quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock worth $100,000 after buying an additional 439 shares in the last quarter. Citigroup Inc. grew its position in shares of Helios Technologies by 92.3% during the first quarter. Citigroup Inc. now owns 1,983 shares of the company’s stock worth $130,000 after buying an additional 952 shares in the last quarter. Finally, Ensign Peak Advisors Inc acquired a new position in shares of Helios Technologies during the third quarter worth about $101,000. 91.66% of the stock is owned by institutional investors and hedge funds.

About Helios Technologies

(Get Free Report)

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; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

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Earnings History for Helios Technologies (NASDAQ:HLIO)

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