Helios Technologies (HLIO) Set to Announce Quarterly Earnings on Wednesday

Helios Technologies (NASDAQ:HLIO) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Helios Technologies to post earnings of $0.45 per share for the quarter. Helios Technologies has set its FY24 guidance at $2.35-2.75 EPS.Parties that wish to register for the company’s conference call can do so using this link.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Monday, February 26th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.13. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate of $183.87 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. Helios Technologies’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. 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

NASDAQ:HLIO opened at $48.05 on Monday. The firm’s fifty day simple moving average is $44.64 and its 200-day simple moving average is $43.82. 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 stock has a market cap of $1.59 billion, a PE ratio of 20.45 and a beta of 0.93. Helios Technologies has a fifty-two week low of $37.50 and a fifty-two week high of $67.31.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.36 annualized dividend and a yield of 0.75%. Helios Technologies’s payout ratio is currently 31.58%.

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.