Helios Technologies (NYSE:HLIO) Shares Gap Up Following Earnings Beat

Shares of Helios Technologies, Inc (NYSE:HLIO) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $74.38, but opened at $76.47. Helios Technologies shares last traded at $72.54, with a volume of 75,843 shares.

The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. Helios Technologies had a return on equity of 9.43% and a net margin of 5.78%.The firm had revenue of $210.70 million during the quarter.

Analyst Ratings Changes

Several analysts recently issued reports on HLIO shares. Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Helios Technologies presently has a consensus rating of “Moderate Buy”.

Helios Technologies Trading Down 4.3%

The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average is $65.96 and its two-hundred day moving average is $58.08. The firm has a market cap of $2.36 billion, a P/E ratio of 49.08 and a beta of 1.26.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.