Helios Technologies (NASDAQ:HLIO) Issues Earnings Results

Helios Technologies (NASDAQ:HLIOGet Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08, Briefing.com reports. The company had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $205.61 million. Helios Technologies had a return on equity of 8.40% and a net margin of 3.93%. The firm’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the firm earned $0.72 EPS. Helios Technologies updated its FY24 guidance to $2.35-2.75 EPS and its FY 2024 guidance to 2.350-2.750 EPS.

Helios Technologies Trading Down 1.7 %

NASDAQ:HLIO opened at $50.80 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.93 and a beta of 0.93. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $67.31. The stock has a fifty day simple moving average of $45.10 and a 200 day simple moving average of $43.85.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, April 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.71%. Helios Technologies’s payout ratio is currently 36.00%.

About Helios Technologies

(Get Free Report)

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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Earnings History for Helios Technologies (NASDAQ:HLIO)

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