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

Helios Technologies (NASDAQ:HLIO) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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.

Helios Technologies Trading Up 5.8 %

Shares of NASDAQ:HLIO traded up $2.42 during trading on Tuesday, hitting $43.92. The company had a trading volume of 104,596 shares, compared to its average volume of 214,483. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 43.53 and a beta of 0.85. Helios Technologies has a one year low of $37.50 and a one year high of $63.09. The company has a fifty day simple moving average of $46.83 and a two-hundred day simple moving average of $45.71. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.83 and a quick ratio of 1.35.

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

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid 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 dividend yield of 0.82%. Helios Technologies’s payout ratio is currently 36.00%.

Analyst Upgrades and Downgrades

Separately, KeyCorp cut 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.