Barrington Research Weighs in on Helios Technologies, Inc.’s Q2 2022 Earnings (NASDAQ:HLIO)

Helios Technologies, Inc. (NASDAQ:HLIOGet Rating) – Equities research analysts at Barrington Research lowered their Q2 2022 earnings estimates for shares of Helios Technologies in a report released on Wednesday, May 11th. Barrington Research analyst C. Howe now anticipates that the company will post earnings per share of $1.13 for the quarter, down from their prior estimate of $1.16. Barrington Research currently has a “Outperform” rating and a $107.00 target price on the stock. Barrington Research also issued estimates for Helios Technologies’ Q3 2022 earnings at $1.17 EPS, Q4 2022 earnings at $0.99 EPS, FY2022 earnings at $4.47 EPS and FY2023 earnings at $4.92 EPS.

A number of other analysts have also weighed in on HLIO. Morgan Stanley lowered their target price 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. Robert W. Baird decreased their price target on shares of Helios Technologies from $111.00 to $100.00 in a report on Wednesday. Stifel Nicolaus raised Helios Technologies from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $95.00 in a report on Tuesday, March 22nd. Finally, Zacks Investment Research downgraded Helios Technologies from a “hold” rating to a “sell” rating in a research report on Friday, March 4th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.20.

HLIO stock opened at $65.15 on Thursday. The company has a quick ratio of 1.10, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. The business’s fifty day simple moving average is $73.50 and its two-hundred day simple moving average is $85.44. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.27 and a beta of 1.22. Helios Technologies has a twelve month low of $64.57 and a twelve month high of $114.89.

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

Institutional investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its position in shares of Helios Technologies by 46.4% during the 3rd quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock worth $42,000 after purchasing an additional 162 shares in the last quarter. Strs Ohio purchased a new stake in shares of Helios Technologies during the 4th quarter valued at $73,000. Silvant Capital Management LLC acquired a new stake in Helios Technologies during the 4th quarter worth approximately $76,000. Hardy Reed LLC purchased a new position in Helios Technologies in the first quarter valued at about $132,000. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of Helios Technologies by 168.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock worth $150,000 after purchasing an additional 1,147 shares in the last quarter. Institutional investors and hedge funds own 91.23% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Tuesday, April 5th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, April 4th. Helios Technologies’s payout ratio is 11.15%.

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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