Helios Technologies, Inc. (NASDAQ:HLIO) Forecasted to Post Q2 2022 Earnings of $1.23 Per Share

Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) – Investment analysts at KeyCorp raised their Q2 2022 EPS estimates for Helios Technologies in a research note issued on Monday, May 9th. KeyCorp analyst J. Hammond now forecasts that the company will earn $1.23 per share for the quarter, up from their previous forecast of $1.14. KeyCorp also issued estimates for Helios Technologies’ Q3 2022 earnings at $1.20 EPS, Q4 2022 earnings at $1.00 EPS and FY2023 earnings at $5.00 EPS.

Helios Technologies (NASDAQ:HLIO – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.22. Helios Technologies had a net margin of 12.03% and a return on equity of 20.60%. The firm had revenue of $240.55 million during the quarter, compared to analyst estimates of $221.02 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Helios Technologies’s quarterly revenue was up 17.4% on a year-over-year basis.

Several other research analysts have also weighed in on the stock. Barrington Research began coverage on shares of Helios Technologies in a research note on Thursday, March 31st. They set an “outperform” rating and a $107.00 target price for the company. Zacks Investment Research lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a research note on Friday, March 4th. Morgan Stanley lowered their target price on shares of Helios Technologies from $107.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, January 14th. Finally, Stifel Nicolaus raised shares of Helios Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $85.00 to $95.00 in a research note on Tuesday, March 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $105.20.

Shares of HLIO opened at $65.67 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 1.10. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.27 and a beta of 1.22. The firm has a 50-day moving average price of $73.70. Helios Technologies has a 12-month low of $65.11 and a 12-month high of $114.89.

Several hedge funds and other institutional investors have recently bought and sold shares of HLIO. Morgan Stanley boosted its stake in shares of Helios Technologies by 238.3% in the second quarter. Morgan Stanley now owns 72,389 shares of the company’s stock valued at $5,650,000 after purchasing an additional 50,994 shares during the period. Raymond James & Associates boosted its stake in shares of Helios Technologies by 13.2% in the third quarter. Raymond James & Associates now owns 44,126 shares of the company’s stock valued at $3,623,000 after purchasing an additional 5,154 shares during the period. Deutsche Bank AG boosted its stake in shares of Helios Technologies by 9.3% in the third quarter. Deutsche Bank AG now owns 23,532 shares of the company’s stock valued at $1,932,000 after purchasing an additional 1,998 shares during the period. PNC Financial Services Group Inc. raised its holdings in Helios Technologies by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,472 shares of the company’s stock valued at $367,000 after acquiring an additional 442 shares in the last quarter. Finally, Advisor Group Holdings Inc. raised its holdings in Helios Technologies by 7.7% in the third quarter. Advisor Group Holdings Inc. now owns 4,856 shares of the company’s stock valued at $400,000 after acquiring an additional 349 shares in the last quarter. 91.23% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Stockholders of record on Tuesday, April 5th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, April 4th. Helios Technologies’s payout ratio is 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.

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