Helios Technologies (NASDAQ:HLIO - Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.08, Briefing.com reports. The firm had revenue of $212.00 million for the quarter, compared to the consensus estimate of $205.61 million. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The business's revenue was down .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 earnings per share. Helios Technologies updated its FY24 guidance to $2.35-2.75 EPS and its FY 2024 guidance to 2.350-2.750 EPS.
Helios Technologies Stock Performance
Shares of NASDAQ:HLIO traded up $3.27 during trading on Thursday, reaching $51.65. 414,761 shares of the stock were exchanged, compared to its average volume of 207,651. Helios Technologies has a 12 month low of $37.50 and a 12 month high of $67.31. The firm has a market cap of $1.71 billion, a PE ratio of 45.50 and a beta of 0.93. The stock has a 50-day moving average price of $44.81 and a 200-day moving average price of $43.80. The company has a current ratio of 2.74, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58.
Helios Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Wednesday, April 3rd. Helios Technologies's dividend payout ratio is presently 31.58%.
About Helios Technologies
(
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Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions 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; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.
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