Zacks: Brokerages Anticipate Helios Technologies (NASDAQ:HLIO) to Announce $0.59 Earnings Per Share

Equities analysts expect Helios Technologies (NASDAQ:HLIO) to report earnings of $0.59 per share for the current quarter, according to Zacks. Four analysts have made estimates for Helios Technologies’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.62. Helios Technologies reported earnings of $0.44 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 34.1%. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.

On average, analysts expect that Helios Technologies will report full year earnings of $2.42 per share for the current year, with EPS estimates ranging from $2.32 to $2.47. For the next year, analysts expect that the business will post earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.75. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Helios Technologies.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $143.84 million during the quarter, compared to analysts’ expectations of $146.64 million. Helios Technologies had a net margin of 10.91% and a return on equity of 13.56%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS.

Several equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. ValuEngine upgraded shares of Helios Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, September 5th. Stifel Nicolaus lowered their price objective on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating for the company in a research report on Monday, July 15th. Finally, Morgan Stanley set a $40.00 price objective on shares of Helios Technologies and gave the company a “hold” rating in a research report on Friday, August 9th.

HLIO traded down $1.79 during midday trading on Thursday, hitting $38.78. The company had a trading volume of 54,200 shares, compared to its average volume of 101,485. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.34. The company has a market capitalization of $1.30 billion, a P/E ratio of 16.86 and a beta of 1.83. Helios Technologies has a twelve month low of $30.79 and a twelve month high of $54.74. The firm has a 50-day moving average price of $41.92.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Saturday, October 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Thursday, October 3rd. Helios Technologies’s dividend payout ratio (DPR) is presently 15.65%.

In other news, Director Christine L. Koski sold 3,100 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $49.03, for a total value of $151,993.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christine L. Koski sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $44.60, for a total transaction of $446,000.00. Insiders sold a total of 18,100 shares of company stock worth $837,993 in the last ninety days. Insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HLIO. Assetmark Inc. bought a new position in shares of Helios Technologies in the 2nd quarter valued at about $28,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Helios Technologies in the 2nd quarter valued at about $33,000. NumerixS Investment Technologies Inc bought a new position in shares of Helios Technologies in the 2nd quarter valued at about $42,000. Quantamental Technologies LLC bought a new position in shares of Helios Technologies in the 2nd quarter valued at about $58,000. Finally, Victory Capital Management Inc. bought a new position in shares of Helios Technologies in the 2nd quarter valued at about $68,000. 84.53% of the stock is currently owned by institutional investors.

Helios Technologies Company Profile

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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