Helios Technologies (NASDAQ:HLIO) Issues FY 2024 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 2.100-2.200 for the period, compared to the consensus EPS 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

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

Helios Technologies Stock Performance

Shares of HLIO stock traded down $2.65 during trading hours on Thursday, hitting $53.63. The stock 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 PE ratio of 59.59 and a beta of 0.84. Helios Technologies has a twelve month low of $37.50 and a twelve month high of $57.29. The stock’s 50 day moving average is $46.08 and its 200 day moving average is $46.49. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. As a group, research analysts forecast that Helios Technologies will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date was Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

About Helios Technologies

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.