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

Helios Technologies (NASDAQ:HLIO - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.100-2.200 for the period, compared to the consensus 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.

Helios Technologies Stock Up 0.2 %

Shares of HLIO stock traded up $0.10 during mid-day trading on Tuesday, reaching $49.07. 163,098 shares of the company were exchanged, compared to its average volume of 204,923. The company has a market capitalization of $1.63 billion, a P/E ratio of 54.41 and a beta of 0.84. The business's 50 day simple moving average is $45.53 and its 200 day simple moving average is $46.35. 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 $54.06.

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

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.73%. The ex-dividend date was Friday, October 4th. Helios Technologies's dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HLIO shares. Stifel Nicolaus dropped their price target on shares of Helios Technologies from $64.00 to $63.00 and set a "buy" rating on the stock in a research report on Wednesday, October 16th. KeyCorp cut 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.

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