Helios Technologies (NASDAQ:HLIO) Issues FY 2022 Earnings Guidance

Helios Technologies (NASDAQ:HLIOGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $3.85-$4.05 for the period, compared to the consensus EPS estimate of $4.36. The company issued revenue guidance of $885.00 million-$910.00 million, compared to the consensus revenue estimate of $927.44 million.

Helios Technologies Price Performance

Shares of HLIO stock opened at $55.95 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.35. The company has a market capitalization of $1.82 billion, a P/E ratio of 13.38 and a beta of 1.18. The company’s 50-day simple moving average is $53.08 and its two-hundred day simple moving average is $60.52. Helios Technologies has a one year low of $48.27 and a one year high of $110.23.

Helios Technologies (NASDAQ:HLIOGet Rating) last issued its earnings results on Monday, November 7th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $218.12 million. Helios Technologies had a return on equity of 18.86% and a net margin of 11.51%. Helios Technologies’s revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 earnings per share. As a group, equities analysts anticipate that Helios Technologies will post 3.99 EPS for the current year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 20th. Stockholders of record on Wednesday, October 5th were paid a dividend of $0.09 per share. The ex-dividend date was Tuesday, October 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.64%. Helios Technologies’s dividend payout ratio is presently 11.21%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Robert W. Baird decreased their target price on shares of Helios Technologies from $71.00 to $63.00 in a research report on Monday, November 7th. Stifel Nicolaus decreased their target price on shares of Helios Technologies from $74.00 to $71.00 and set a buy rating for the company in a research report on Tuesday, October 11th. Barrington Research decreased their price target on shares of Helios Technologies from $107.00 to $91.00 and set an outperform rating for the company in a report on Wednesday, August 10th. Finally, KeyCorp decreased their price target on shares of Helios Technologies from $90.00 to $71.00 and set an overweight rating for the company in a report on Friday, September 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wasatch Advisors Inc. raised its holdings in shares of Helios Technologies by 1.0% during the first quarter. Wasatch Advisors Inc. now owns 4,668,305 shares of the company’s stock worth $374,631,000 after purchasing an additional 46,746 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Helios Technologies by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,039,980 shares of the company’s stock worth $153,823,000 after purchasing an additional 21,314 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Helios Technologies by 0.6% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,702,808 shares of the company’s stock worth $179,061,000 after purchasing an additional 15,004 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Helios Technologies by 14.2% during the first quarter. Wellington Management Group LLP now owns 761,652 shares of the company’s stock worth $61,123,000 after purchasing an additional 94,638 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Helios Technologies by 0.3% during the third quarter. State Street Corp now owns 652,657 shares of the company’s stock worth $33,024,000 after purchasing an additional 2,182 shares during the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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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Earnings History and Estimates for Helios Technologies (NASDAQ:HLIO)

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