Helios Technologies (NASDAQ:HLIO) Updates FY24 Earnings Guidance

Helios Technologies (NASDAQ:HLIO - Get Free Report) 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.

Helios Technologies Stock Performance

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

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period in the prior year, the company posted $0.81 earnings per share. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. Equities analysts predict that Helios Technologies will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on HLIO shares. KeyCorp downgraded Helios Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 9th. Stifel Nicolaus cut their target price 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 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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