Helios Technologies (NASDAQ:HLIO) Issues FY19 Earnings Guidance

Helios Technologies (NASDAQ:HLIO) updated its FY19 earnings guidance on Monday. The company provided EPS guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.33. The company issued revenue guidance of $565-575 million, compared to the consensus revenue estimate of $577.90 million.

A number of brokerages have recently commented on HLIO. Morgan Stanley boosted their price objective on Helios Technologies from $42.00 to $43.00 and gave the stock an equal weight rating in a research report on Wednesday, July 10th. Stifel Nicolaus lowered their price target on Helios Technologies from $48.00 to $46.00 and set a hold rating for the company in a report on Monday, July 15th. ValuEngine raised Helios Technologies from a sell rating to a hold rating in a report on Wednesday, July 24th. Finally, Zacks Investment Research downgraded Helios Technologies from a hold rating to a sell rating in a report on Wednesday, July 10th.

HLIO traded down $3.71 on Monday, reaching $40.33. The company’s stock had a trading volume of 89,537 shares, compared to its average volume of 107,182. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 17.53 and a beta of 1.82. Helios Technologies has a fifty-two week low of $30.79 and a fifty-two week high of $58.13.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings results on Monday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $143.84 million during the quarter, compared to the consensus estimate of $146.64 million. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. On average, equities analysts anticipate that Helios Technologies will post 2.54 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Investors of record on Friday, July 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, July 3rd. Helios Technologies’s dividend payout ratio (DPR) is 15.65%.

In other news, Director Christine L. Koski sold 3,100 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $49.03, for a total value of $151,993.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $47.03, for a total value of $235,150.00. The disclosure for this sale can be found here. Insiders sold 18,100 shares of company stock valued at $852,243 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Helios Technologies Company Profile

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

Featured Story: Why do companies pay special dividends?

Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.