Helios Technologies (NYSE:HLIO) Announces Earnings Results

Helios Technologies (NYSE:HLIO) posted its quarterly earnings data on Monday. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07, Zacks reports. Helios Technologies had a return on equity of 7.33% and a net margin of 4.46%.

Helios Technologies Stock Up 2.5%

NYSE HLIO traded up $1.38 on Monday, reaching $56.74. The company had a trading volume of 604,400 shares, compared to its average volume of 313,479. The company has a 50 day moving average of $53.64. The company has a market capitalization of $1.88 billion, a PE ratio of 54.56 and a beta of 1.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.41 and a current ratio of 2.45. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $58.52.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLIO. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 19th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; 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.