Helios Technologies (HLIO) Scheduled to Post Earnings on Tuesday

Helios Technologies (NASDAQ:HLIO - Get Free Report) is scheduled to be announcing its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.56 per share for the quarter. Helios Technologies has set its FY24 guidance at $2.25-2.45 EPS.Investors interested in registering for the company's conference call can do so using this link.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. During the same quarter last year, the business posted $0.81 EPS. The business's revenue was down 3.4% on a year-over-year basis. On average, analysts expect Helios Technologies to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Helios Technologies Stock Performance

HLIO traded down $0.19 during trading on Tuesday, reaching $47.71. 191,596 shares of the company were exchanged, compared to its average volume of 205,386. Helios Technologies has a 52 week low of $37.50 and a 52 week high of $54.06. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $45.14 and a 200 day moving average of $46.30. The stock has a market cap of $1.58 billion, a P/E ratio of 48.10 and a beta of 0.84.

Helios Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, October 4th. Helios Technologies's dividend payout ratio (DPR) is 36.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on HLIO. Stifel Nicolaus reduced their target price on shares of Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th. KeyCorp downgraded Helios Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 9th.

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.