Helios Technologies (NASDAQ:HLIO) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Helios Technologies (NASDAQ:HLIO) announced its quarterly earnings data on Wednesday. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08, Briefing.com reports. The firm had revenue of $212.00 million during 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 business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the business earned $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 Up 0.1 %

Shares of Helios Technologies stock traded up $0.06 on Friday, hitting $51.75. 5,671 shares of the company traded hands, compared to its average volume of 205,409. The company has a market cap of $1.72 billion, a PE ratio of 45.31 and a beta of 0.93. Helios Technologies has a 12-month low of $37.50 and a 12-month high of $67.31. The company has a quick ratio of 1.25, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $44.96 and a 200 day moving average price of $43.85.

Helios Technologies Announces Dividend

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

About Helios Technologies

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.