Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) – Equities researchers at KeyCorp dropped their Q3 2022 earnings per share (EPS) estimates for Helios Technologies in a research report issued to clients and investors on Monday, August 8th. KeyCorp analyst J. Hammond now anticipates that the company will post earnings of $1.10 per share for the quarter, down from their prior forecast of $1.20. The consensus estimate for Helios Technologies' current full-year earnings is $4.55 per share. KeyCorp also issued estimates for Helios Technologies' Q4 2022 earnings at $0.95 EPS, Q1 2023 earnings at $1.20 EPS, Q2 2023 earnings at $1.19 EPS, Q3 2023 earnings at $1.15 EPS and Q4 2023 earnings at $1.01 EPS.

HLIO has been the topic of a number of other research reports. Robert W. Baird reduced their price objective on Helios Technologies from $100.00 to $75.00 in a research note on Tuesday. Stifel Nicolaus reduced their price objective on Helios Technologies from $95.00 to $74.00 in a research note on Monday, July 18th. Finally, Barrington Research reduced their price objective on Helios Technologies from $107.00 to $91.00 and set an "outperform" rating on the stock in a research note on Wednesday.

Helios Technologies Price Performance

Helios Technologies (NASDAQ:HLIO – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.18. Helios Technologies had a return on equity of 20.74% and a net margin of 12.43%. The firm had revenue of $241.67 million during the quarter, compared to the consensus estimate of $240.51 million. During the same quarter in the previous year, the business earned $1.20 earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Tuesday, July 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, July 1st. Helios Technologies's dividend payout ratio (DPR) is 10.37%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Silvant Capital Management LLC bought a new stake in Helios Technologies in the fourth quarter valued at about $76,000. Lazard Asset Management LLC increased its holdings 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 buying an additional 439 shares during the last quarter. Hardy Reed LLC bought a new stake in Helios Technologies in the first quarter valued at about $132,000. Fifth Third Bancorp increased its holdings in Helios Technologies by 266.3% in the fourth quarter. Fifth Third Bancorp now owns 1,630 shares of the company's stock valued at $171,000 after buying an additional 1,185 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in Helios Technologies in the fourth quarter valued at about $212,000. Institutional investors and hedge funds own 91.23% 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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