Analysts Set $38.67 Price Target for Helios Technologies (NASDAQ:HLIO)
Helios Technologies (NASDAQ:HLIO) has been assigned a consensus broker rating score of 2.60 (Hold) from the five brokers that cover the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 1 year consensus price objective of $38.67 for the company and are expecting that the company will post $0.58 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Helios Technologies an industry rank of 211 out of 255 based on the ratings given to its competitors.
HLIO has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price objective on Helios Technologies from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. ValuEngine lowered Helios Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st. Morgan Stanley set a $40.00 price objective on Helios Technologies and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, Zacks Investment Research upgraded Helios Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday.
Several large investors have recently bought and sold shares of the company. Assetmark Inc. bought a new position in shares of Helios Technologies in the 2nd quarter worth $28,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Helios Technologies in the 2nd quarter worth $33,000. NumerixS Investment Technologies Inc bought a new position in shares of Helios Technologies in the 2nd quarter worth $42,000. Quantamental Technologies LLC bought a new position in shares of Helios Technologies in the 2nd quarter worth $58,000. Finally, Victory Capital Management Inc. bought a new position in shares of Helios Technologies in the 2nd quarter worth $68,000. Institutional investors and hedge funds own 84.52% of the company’s stock.
HLIO traded down $0.28 during mid-day trading on Friday, reaching $38.30. The stock had a trading volume of 29,736 shares, compared to its average volume of 99,976. The company has a market cap of $1.23 billion, a PE ratio of 16.65 and a beta of 1.81. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 0.61. The stock has a fifty day moving average price of $41.11. Helios Technologies has a 52 week low of $30.79 and a 52 week high of $53.60.
Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $143.84 million for the quarter, compared to analyst estimates of $146.64 million. Helios Technologies had a return on equity of 13.56% and a net margin of 10.91%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.43 EPS. On average, equities analysts expect that Helios Technologies will post 2.39 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Saturday, October 5th will be given a $0.09 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.94%. Helios Technologies’s payout ratio is 15.65%.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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