Helios Technologies (NASDAQ:HLIO) Releases 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 guidance of 2.100-2.200 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

HLIO has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, October 16th. KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies Stock Performance

Shares of HLIO stock traded up $0.10 on Tuesday, reaching $49.07. The stock had a trading volume of 163,098 shares, compared to its average volume of 204,923. The stock has a market cap of $1.63 billion, a P/E ratio of 54.41 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The company has a 50 day simple moving average of $45.53 and a 200 day simple moving average of $46.35. Helios Technologies has a 1 year low of $37.50 and a 1 year high of $54.06.

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

Helios Technologies Announces Dividend

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

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.