Helios Technologies, Inc. Plans Quarterly Dividend of $0.09 (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIO) announced a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Investors of record on Friday, October 4th will be paid a dividend of 0.09 per share on Monday, October 21st. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, October 4th.

Helios Technologies has a payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Helios Technologies to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 13.5%.

Helios Technologies Trading Up 0.9 %

Shares of Helios Technologies stock opened at $47.79 on Thursday. The firm has a 50-day simple moving average of $43.61 and a two-hundred day simple moving average of $45.80. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $55.80. The company has a market cap of $1.59 billion, a P/E ratio of 47.79 and a beta of 0.83.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. During the same period in the prior year, the company posted $0.81 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Helios Technologies will post 2.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note 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.