Helios Technologies (NASDAQ:HLIO) Issues FY 2024 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.250-2.450 for the period, compared to the consensus EPS estimate of 2.440. The company issued revenue guidance of $825.0 million-$840.0 million, compared to the consensus revenue estimate of $844.8 million.

Wall Street Analyst Weigh In

Separately, KeyCorp downgraded shares of Helios Technologies from an overweight rating to a sector weight rating in a report on Tuesday, July 9th.

Helios Technologies Stock Performance

Shares of NASDAQ HLIO traded up $2.45 during midday trading on Tuesday, reaching $43.95. The company’s stock had a trading volume of 118,305 shares, compared to its average volume of 214,574. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.83 and a quick ratio of 1.35. The stock has a market capitalization of $1.46 billion, a P/E ratio of 43.53 and a beta of 0.85. The firm has a 50 day moving average price of $46.83 and a 200-day moving average price of $45.71. Helios Technologies has a 12-month low of $37.50 and a 12-month high of $63.09.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $215.80 million. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Helios Technologies will post 2.45 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is presently 36.00%.

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.