Helios Technologies (HLIO) Scheduled to Post Quarterly Earnings on Monday – MarketBeat

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Helios Technologies (NASDAQ:HLIO – Get Rating) is scheduled to announce its earnings results before the market opens on Monday, November 7th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Helios Technologies has set its FY22 guidance at $4.35-4.60 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Helios Technologies (NASDAQ:HLIO – Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $1.18 EPS for the quarter, meeting analysts’ consensus estimates of $1.18. Helios Technologies had a net margin of 12.11% and a return on equity of 20.05%. The firm had revenue of $241.67 million for the quarter, compared to analyst estimates of $240.51 million. During the same period in the previous year, the business earned $1.20 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect Helios Technologies to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Helios Technologies Price Performance

Shares of HLIO stock opened at $56.79 on Monday. Helios Technologies has a 1 year low of $48.27 and a 1 year high of $114.89. The firm’s 50 day moving average is $53.86 and its 200-day moving average is $62.48. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.79 and a beta of 1.17. The company has a current ratio of 2.40, a quick ratio of 1.30 and a debt-to-equity ratio of 0.53.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 20th. Stockholders of record on Wednesday, October 5th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.63%. Helios Technologies’s payout ratio is 10.47%.

Hedge Funds Weigh In On Helios Technologies

Several large investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in Helios Technologies by 1.2% in the second quarter. Legal & General Group Plc now owns 28,336 shares of the company’s stock valued at $1,877,000 after buying an additional 346 shares during the period. Lazard Asset Management LLC increased its stake in Helios Technologies by 54.3% in the first quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock valued at $100,000 after purchasing an additional 439 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in Helios Technologies by 15.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,088 shares of the company’s stock valued at $441,000 after purchasing an additional 823 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Helios Technologies by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 36,536 shares of the company’s stock valued at $2,421,000 after purchasing an additional 823 shares in the last quarter. Finally, Point72 Hong Kong Ltd increased its stake in Helios Technologies by 417.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,041 shares of the company’s stock valued at $69,000 after purchasing an additional 840 shares in the last quarter. 91.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barrington Research reduced their target price on shares of Helios Technologies from $107.00 to $91.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 10th. Robert W. Baird reduced their target price on shares of Helios Technologies from $100.00 to $75.00 in a research report on Tuesday, August 9th. Stifel Nicolaus reduced their target price on shares of Helios Technologies from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th. Finally, KeyCorp cut their price objective on shares of Helios Technologies from $90.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, September 16th.

Helios Technologies Company Profile

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Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

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