Helios Technologies (NASDAQ:HLIO) – Analysts at KeyCorp dropped their FY2019 EPS estimates for Helios Technologies in a research report issued to clients and investors on Monday, November 4th. KeyCorp analyst J. Hammond now forecasts that the company will post earnings per share of $2.26 for the year, down from their prior estimate of $2.35.
Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.03. The company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $136.74 million. Helios Technologies had a return on equity of 13.56% and a net margin of 10.91%. Helios Technologies’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share.
HLIO has been the subject of several other research reports. ValuEngine downgraded Helios Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday. Morgan Stanley set a $40.00 price target on Helios Technologies and gave the stock a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus dropped their price target on Helios Technologies from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Finally, Zacks Investment Research raised Helios Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th.
Helios Technologies stock opened at $43.23 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is $40.36. The stock has a market capitalization of $1.35 billion, a P/E ratio of 18.80 and a beta of 1.79. Helios Technologies has a fifty-two week low of $30.79 and a fifty-two week high of $53.60.
The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Saturday, October 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.83%. The ex-dividend date was Thursday, October 3rd. Helios Technologies’s payout ratio is 15.65%.
In other Helios Technologies news, Director Christine L. Koski sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $44.60, for a total transaction of $446,000.00. Company insiders own 6.30% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Brown Capital Management LLC acquired a new stake in shares of Helios Technologies during the second quarter worth $268,031,000. Wasatch Advisors Inc. acquired a new stake in shares of Helios Technologies during the second quarter worth $144,383,000. Vanguard Group Inc. acquired a new stake in shares of Helios Technologies during the second quarter worth $121,001,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Helios Technologies during the second quarter worth $107,061,000. Finally, BlackRock Inc. acquired a new stake in shares of Helios Technologies during the second quarter worth $94,148,000. Institutional investors and hedge funds own 84.51% of the company’s stock.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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