Zacks: Analysts Expect Helios Technologies, Inc. (NASDAQ:HLIO) Will Announce Earnings of $0.95 Per Share

Wall Street brokerages forecast that Helios Technologies, Inc. (NASDAQ:HLIOGet Rating) will report $0.95 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Helios Technologies’ earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.90. Helios Technologies posted earnings per share of $0.99 in the same quarter last year, which would suggest a negative year-over-year growth rate of 4%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Helios Technologies will report full-year earnings of $4.50 per share for the current year, with EPS estimates ranging from $4.45 to $4.55. For the next financial year, analysts forecast that the firm will post earnings of $4.96 per share, with EPS estimates ranging from $4.91 to $5.03. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Helios Technologies.

Helios Technologies (NASDAQ:HLIOGet Rating) last released its quarterly earnings results on Monday, February 28th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.19. The firm had revenue of $217.70 million for the quarter, compared to analyst estimates of $204.80 million. Helios Technologies had a return on equity of 20.60% and a net margin of 12.03%. The business’s revenue was up 43.6% on a year-over-year basis. During the same quarter last year, the company posted $0.60 earnings per share.

Several equities research analysts recently weighed in on the company. Morgan Stanley decreased their price target on Helios Technologies from $107.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday, January 14th. Zacks Investment Research cut shares of Helios Technologies from a “hold” rating to a “sell” rating in a research note on Friday, March 4th. Barrington Research assumed coverage on shares of Helios Technologies in a research note on Thursday, March 31st. They set an “outperform” rating and a $107.00 price target on the stock. Finally, Stifel Nicolaus upgraded shares of Helios Technologies from a “hold” rating to a “buy” rating and raised their price objective for the company from $85.00 to $95.00 in a research report on Tuesday, March 22nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.20.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Captrust Financial Advisors raised its holdings in Helios Technologies by 46.4% during the third quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock worth $42,000 after purchasing an additional 162 shares during the last quarter. Strs Ohio purchased a new stake in shares of Helios Technologies in the 4th quarter worth about $73,000. Silvant Capital Management LLC purchased a new stake in shares of Helios Technologies in the 4th quarter worth about $76,000. Fifth Third Bancorp grew its stake in 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 acquiring an additional 1,185 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Helios Technologies by 168.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $150,000 after acquiring an additional 1,147 shares in the last quarter. Hedge funds and other institutional investors own 90.86% of the company’s stock.

NASDAQ:HLIO opened at $73.25 on Friday. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.10 and a current ratio of 2.07. The company has a 50 day moving average of $75.80. Helios Technologies has a 12-month low of $68.07 and a 12-month high of $114.89.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 20th. Stockholders of record on Tuesday, April 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.49%. Helios Technologies’s dividend payout ratio (DPR) is presently 11.15%.

Helios Technologies Company Profile (Get Rating)

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.

Further Reading

Get a free copy of the Zacks research report on Helios Technologies (HLIO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.