KeyCorp Comments on Helios Technologies, Inc.’s Q2 2024 Earnings (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIO) – Stock analysts at KeyCorp issued their Q2 2024 EPS estimates for shares of Helios Technologies in a research note issued to investors on Monday, July 8th. KeyCorp analyst J. Hammond forecasts that the company will post earnings of $0.59 per share for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for Helios Technologies’ current full-year earnings is $2.55 per share. KeyCorp also issued estimates for Helios Technologies’ Q3 2024 earnings at $0.69 EPS.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. The firm had revenue of $212.00 million during the quarter, compared to analyst estimates of $205.61 million. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. Helios Technologies’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.

Helios Technologies Price Performance

NASDAQ:HLIO opened at $43.97 on Wednesday. The stock’s fifty day moving average is $48.70 and its two-hundred day moving average is $45.45. The company has a quick ratio of 1.35, a current ratio of 2.83 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $1.46 billion, a P/E ratio of 43.97 and a beta of 0.85. Helios Technologies has a 52 week low of $37.50 and a 52 week high of $67.31.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, July 5th. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in Helios Technologies by 125.6% in the fourth quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock valued at $114,465,000 after purchasing an additional 1,405,098 shares during the period. Wasatch Advisors LP increased its stake in Helios Technologies by 8.7% in the 1st quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company’s stock valued at $186,345,000 after buying an additional 334,606 shares during the period. Norges Bank acquired a new position in shares of Helios Technologies during the fourth quarter worth about $10,884,000. Brown Capital Management LLC raised its stake in shares of Helios Technologies by 7.0% during the 4th quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock worth $141,226,000 after buying an additional 204,613 shares in the last quarter. Finally, Tributary Capital Management LLC purchased a new position in Helios Technologies in the fourth quarter worth $7,950,000. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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.