Helios Technologies (NYSE:HLIO) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Helios Technologies (NYSE:HLIO) posted its quarterly earnings data on Monday. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.07, Zacks reports. Helios Technologies had a net margin of 4.46% and a return on equity of 7.33%.

Helios Technologies Stock Performance

Shares of NYSE:HLIO opened at $56.74 on Tuesday. The company has a market capitalization of $1.88 billion, a PE ratio of 54.56 and a beta of 1.26. Helios Technologies has a 1-year low of $24.76 and a 1-year high of $58.52. The company has a quick ratio of 1.41, a current ratio of 2.45 and a debt-to-equity ratio of 0.45. The business’s 50 day simple moving average is $53.69.

Analyst Ratings Changes

HLIO has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a report on Wednesday, October 8th. Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Wall Street Zen cut shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Helios Technologies currently has an average rating of “Hold”.

Helios Technologies Company Profile

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.