Helios Technologies (NASDAQ:HLIO) – Equities research analysts at William Blair reduced their FY2019 earnings estimates for Helios Technologies in a research note issued on Wednesday, November 6th. William Blair analyst B. Drab now expects that the company will earn $2.27 per share for the year, down from their previous estimate of $2.45. William Blair also issued estimates for Helios Technologies’ Q3 2020 earnings at $0.54 EPS and Q4 2020 earnings at $0.58 EPS.
Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $136.74 million. Helios Technologies had a net margin of 11.08% and a return on equity of 14.46%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 EPS.
Other analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price target on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Morgan Stanley set a $40.00 price target on shares of Helios Technologies and gave the company a “hold” rating in a research report on Friday, August 9th. Zacks Investment Research raised shares of Helios Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, ValuEngine lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday.
Shares of HLIO stock traded up $0.07 during trading on Friday, hitting $44.94. 1,663 shares of the stock traded hands, compared to its average volume of 56,116. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.59 and a beta of 1.79. 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 firm’s fifty day moving average price is $40.41. Helios Technologies has a 52-week low of $30.79 and a 52-week high of $53.60.
The company also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Stockholders of record on Saturday, October 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, October 3rd. Helios Technologies’s payout ratio is presently 15.65%.
In related news, Director Christine L. Koski sold 10,000 shares of Helios Technologies stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $44.60, for a total value of $446,000.00. 6.30% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in Helios Technologies in the 2nd quarter valued at approximately $28,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Helios Technologies in the 2nd quarter valued at approximately $33,000. Tower Research Capital LLC TRC acquired a new stake in Helios Technologies in the 3rd quarter valued at approximately $37,000. NumerixS Investment Technologies Inc acquired a new stake in Helios Technologies in the 2nd quarter valued at approximately $42,000. Finally, Quantamental Technologies LLC acquired a new stake in Helios Technologies in the 2nd quarter valued at approximately $58,000. Hedge funds and other institutional investors own 84.51% of the company’s stock.
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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