Helios Technologies (HLIO) to Release Earnings on Tuesday

Helios Technologies (NASDAQ:HLIO) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Helios Technologies to post earnings of $0.56 per share for the quarter. Helios Technologies has set its FY24 guidance at $2.25-2.45 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. During the same quarter in the prior year, the firm earned $0.81 EPS. The company’s revenue was down 3.4% on a year-over-year basis. On average, analysts expect Helios Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Helios Technologies Trading Up 3.9 %

Shares of NASDAQ HLIO opened at $47.95 on Friday. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $54.06. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average of $45.42 and a two-hundred day moving average of $46.33. The company has a market cap of $1.59 billion, a PE ratio of 53.43 and a beta of 0.84.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

Analysts Set New Price Targets

HLIO has been the subject of several research reports. Stifel Nicolaus lowered their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

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.