Helios Technologies (NASDAQ:HLIO) Releases FY22 Earnings Guidance

Helios Technologies (NASDAQ:HLIOGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $4.35-4.60 for the period, compared to the consensus estimate of $4.46. The company issued revenue guidance of $930-950 million, compared to the consensus revenue estimate of $940.68 million.Helios Technologies also updated its FY 2022 guidance to $4.35-$4.60 EPS.

Helios Technologies stock traded down $1.11 during trading hours on Tuesday, reaching $66.10. 1,396 shares of the stock were exchanged, compared to its average volume of 121,026. The company has a market cap of $2.15 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.27 and a beta of 1.22. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.10 and a current ratio of 2.07. Helios Technologies has a twelve month low of $66.38 and a twelve month high of $114.89. The stock has a 50 day moving average price of $73.89.

Helios Technologies (NASDAQ:HLIOGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. The firm had revenue of $240.55 million for the quarter, compared to the consensus estimate of $221.02 million. Helios Technologies had a net margin of 12.03% and a return on equity of 20.60%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.99 earnings per share. On average, sell-side analysts predict that Helios Technologies will post 4.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Tuesday, April 5th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.54%. Helios Technologies’s payout ratio is 11.15%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC bought a new position in Helios Technologies in the 3rd quarter valued at approximately $253,000. D. E. Shaw & Co. Inc. raised its holdings in Helios Technologies by 83.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 5,489 shares of the company’s stock valued at $577,000 after buying an additional 2,503 shares during the last quarter. Advisor Group Holdings Inc. raised its holdings in Helios Technologies by 15.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 6,088 shares of the company’s stock valued at $441,000 after buying an additional 823 shares during the last quarter. LPL Financial LLC raised its holdings in Helios Technologies by 8.5% in the 3rd quarter. LPL Financial LLC now owns 6,189 shares of the company’s stock valued at $531,000 after buying an additional 485 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Helios Technologies by 435.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,360 shares of the company’s stock valued at $522,000 after buying an additional 5,173 shares during the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

About Helios Technologies (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.

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