Helios Technologies (NASDAQ:HLIO) Posts Earnings Results, Beats Expectations By $0.08 EPS

Helios Technologies (NASDAQ:HLIO) released its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08, Briefing.com reports. The firm had revenue of $212.00 million for the quarter, compared to the consensus estimate of $205.61 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. Helios Technologies updated its FY24 guidance to $2.35-2.75 EPS and its FY 2024 guidance to 2.350-2.750 EPS.

Helios Technologies Stock Performance

NASDAQ:HLIO traded up $3.27 on Thursday, hitting $51.65. The company’s stock had a trading volume of 414,761 shares, compared to its average volume of 207,651. The firm has a market capitalization of $1.71 billion, a P/E ratio of 45.50 and a beta of 0.93. The company has a current ratio of 2.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. The stock has a fifty day moving average of $44.81 and a two-hundred day moving average of $43.80. Helios Technologies has a one year low of $37.50 and a one year high of $67.31.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, April 4th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 annualized dividend and a yield of 0.70%. Helios Technologies’s payout ratio is presently 31.58%.

Helios Technologies Company Profile

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.