Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) – Investment analysts at KeyCorp cut their FY2022 earnings per share estimates for shares of Helios Technologies in a research note issued on Monday, August 8th. KeyCorp analyst J. Hammond now anticipates that the company will post earnings of $4.40 per share for the year, down from their prior estimate of $4.60. The consensus estimate for Helios Technologies' current full-year earnings is $4.55 per share. KeyCorp also issued estimates for Helios Technologies' FY2023 earnings at $4.55 EPS.
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A number of other equities analysts have also recently weighed in on the company. Robert W. Baird decreased their price target on Helios Technologies from $100.00 to $75.00 in a report on Tuesday. Barrington Research decreased their price target on Helios Technologies from $107.00 to $91.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Stifel Nicolaus decreased their price target on Helios Technologies from $95.00 to $74.00 in a report on Monday, July 18th.
Helios Technologies Stock Up 1.0 %
NASDAQ HLIO opened at $66.62 on Thursday. The stock has a market cap of $2.16 billion, a PE ratio of 19.37, a P/E/G ratio of 1.12 and a beta of 1.14. Helios Technologies has a fifty-two week low of $59.17 and a fifty-two week high of $114.89. The business has a 50 day moving average price of $65.74 and a two-hundred day moving average price of $70.63. The company has a quick ratio of 1.20, a current ratio of 2.24 and a debt-to-equity ratio of 0.57.
Helios Technologies (NASDAQ:HLIO – Get Rating) last issued its earnings results on Monday, August 8th. The company reported $1.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.18. The business had revenue of $241.67 million during the quarter, compared to analysts' expectations of $240.51 million. Helios Technologies had a return on equity of 20.30% and a net margin of 12.11%. The company's revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 EPS.
Helios Technologies Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Tuesday, July 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend was Friday, July 1st. Helios Technologies's payout ratio is 10.47%.
Hedge Funds Weigh In On Helios Technologies
Institutional investors have recently made changes to their positions in the business. Silvant Capital Management LLC acquired a new position in shares of Helios Technologies in the 4th quarter valued at approximately $76,000. Lazard Asset Management LLC raised its position in shares of Helios Technologies by 54.3% in the 1st 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. Fifth Third Bancorp raised its position in shares of Helios Technologies by 266.3% in the 4th quarter. Fifth Third Bancorp now owns 1,630 shares of the company's stock valued at $171,000 after purchasing an additional 1,185 shares in the last quarter. Hardy Reed LLC acquired a new position in shares of Helios Technologies in the 1st quarter valued at approximately $132,000. Finally, Stephens Inc. AR acquired a new stake in shares of Helios Technologies during the 4th quarter valued at approximately $212,000. 91.23% of the stock is owned by institutional investors and hedge funds.
About Helios Technologies
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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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