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 earnings per share (EPS) guidance of 2.100-2.200 for the period, compared to the consensus estimate of 2.260. The company issued revenue guidance of $800.0 million-$805.0 million, compared to the consensus revenue estimate of $824.4 million. Helios Technologies also updated its FY24 guidance to $2.10-$2.20 EPS.

Helios Technologies Stock Up 0.2 %

Shares of HLIO stock traded up $0.10 on Tuesday, hitting $49.07. 163,248 shares of the stock were exchanged, compared to its average volume of 204,924. The business has a 50-day moving average of $45.53 and a 200 day moving average of $46.35. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $54.06. The firm has a market capitalization of $1.63 billion, a P/E ratio of 54.41 and a beta of 0.84. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $215.80 million. During the same quarter in the prior year, the company posted $0.81 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. Equities analysts anticipate that Helios Technologies will post 2.3 EPS for the current year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.73%. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HLIO shares. Stifel Nicolaus dropped their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th. KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

About Helios Technologies

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.