Helios Technologies (NASDAQ:HLIO) Issues FY24 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of $2.10-$2.20 for the period, compared to the consensus EPS estimate of $2.26. The company issued revenue guidance of $800-$805 million, compared to the consensus revenue estimate of $823.59 million. Helios Technologies also updated its FY 2024 guidance to 2.100-2.200 EPS.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price target on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th.

Helios Technologies Stock Down 4.7 %

NASDAQ:HLIO traded down $2.65 during midday trading on Thursday, reaching $53.63. The company had a trading volume of 254,793 shares, compared to its average volume of 206,877. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 59.59 and a beta of 0.84. The stock’s fifty day simple moving average is $46.08 and its 200-day simple moving average is $46.49. Helios Technologies has a 12-month low of $37.50 and a 12-month high of $57.29. 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 released its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to analyst estimates of $196.41 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. Helios Technologies’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business posted $0.44 earnings per share. On average, sell-side analysts anticipate that Helios Technologies will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors 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 dividend on an annualized basis and a yield of 0.67%. Helios Technologies’s dividend payout ratio (DPR) is presently 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.