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.

Analyst Ratings Changes

Separately, KeyCorp cut Helios Technologies from an overweight rating to a sector weight rating in a research note on Tuesday, July 9th.

Helios Technologies Price Performance

NASDAQ:HLIO traded up $2.42 during trading hours on Tuesday, reaching $43.92. 104,596 shares of the company were exchanged, compared to its average volume of 214,483. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock’s 50-day moving average is $46.83 and its 200-day moving average is $45.71. The firm has a market cap of $1.46 billion, a PE ratio of 43.53 and a beta of 0.85. Helios Technologies has a twelve month low of $37.50 and a twelve month high of $63.09.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The company had revenue of $219.90 million during the quarter, compared to analysts’ expectations of $215.80 million. During the same period in the prior year, the business posted $0.81 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, sell-side analysts anticipate that Helios Technologies will post 2.45 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors 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 annualized dividend and a yield of 0.82%. Helios Technologies’s dividend payout ratio is presently 36.00%.

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.