Helios Technologies, Inc. (NASDAQ:HLIO) Expected to Post Quarterly Sales of $242.57 Million

Wall Street brokerages expect Helios Technologies, Inc. (NASDAQ:HLIOGet Rating) to announce $242.57 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Helios Technologies’ earnings. The lowest sales estimate is $240.50 million and the highest is $246.30 million. Helios Technologies posted sales of $223.41 million in the same quarter last year, which suggests a positive year over year growth rate of 8.6%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Helios Technologies will report full-year sales of $945.82 million for the current fiscal year, with estimates ranging from $941.05 million to $950.30 million. For the next year, analysts forecast that the firm will report sales of $999.22 million, with estimates ranging from $991.95 million to $1.00 billion. Zacks’ sales 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 announced its earnings results on Monday, May 9th. The company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.22. The company had revenue of $240.55 million for the quarter, compared to analysts’ expectations of $221.02 million. Helios Technologies had a return on equity of 20.74% and a net margin of 12.43%. 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 earned $0.99 EPS.

A number of research analysts recently issued reports on the stock. Barrington Research assumed coverage on shares of Helios Technologies in a research report on Thursday, March 31st. They set an “outperform” rating and a $107.00 target price for the company. Stifel Nicolaus raised shares of Helios Technologies from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $95.00 in a research report on Tuesday, March 22nd. Zacks Investment Research upgraded shares of Helios Technologies from a “hold” rating to a “buy” rating and set a $76.00 target price for the company in a research report on Tuesday, May 17th. Finally, Robert W. Baird lowered their target price on shares of Helios Technologies from $111.00 to $100.00 in a report on Wednesday, May 11th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $95.00.

Helios Technologies stock opened at $65.11 on Monday. The company has a market capitalization of $2.12 billion, a PE ratio of 18.76, a P/E/G ratio of 1.19 and a beta of 1.22. Helios Technologies has a fifty-two week low of $63.20 and a fifty-two week high of $114.89. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 2.24. The company has a 50 day moving average price of $72.76 and a 200-day moving average price of $84.34.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Investors of record on Tuesday, April 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Monday, April 4th. Helios Technologies’s payout ratio is presently 10.37%.

Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors grew its position in shares of Helios Technologies by 46.4% in the 3rd quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock valued at $42,000 after purchasing an additional 162 shares during the period. Strs Ohio bought a new position in shares of Helios Technologies in the fourth quarter worth about $73,000. Silvant Capital Management LLC bought a new position in shares of Helios Technologies in the fourth quarter worth about $76,000. Lazard Asset Management LLC raised its holdings in Helios Technologies by 54.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock valued at $100,000 after buying an additional 439 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in Helios Technologies by 266.3% during the 4th quarter. Fifth Third Bancorp now owns 1,630 shares of the company’s stock worth $171,000 after purchasing an additional 1,185 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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