Zacks: Brokerages Expect Helios Technologies (NASDAQ:HLIO) Will Post Earnings of $0.65 Per Share

Wall Street analysts expect that Helios Technologies (NASDAQ:HLIO) will post earnings per share of $0.65 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Helios Technologies’ earnings. The highest EPS estimate is $0.68 and the lowest is $0.62. Helios Technologies posted earnings per share of $0.43 in the same quarter last year, which indicates a positive year over year growth rate of 51.2%. The company is scheduled to report its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Helios Technologies will report full-year earnings of $2.56 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.60. For the next financial year, analysts expect that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.80 to $2.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Helios Technologies.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $146.85 million during the quarter, compared to the consensus estimate of $151.91 million. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%.

In other Helios Technologies news, major shareholder Robert C. Koski sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $45.72, for a total transaction of $114,300.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $47.03, for a total value of $235,150.00. The disclosure for this sale can be found here. Corporate insiders own 6.30% of the company’s stock.

Shares of HLIO opened at $46.41 on Wednesday. Helios Technologies has a one year low of $30.79 and a one year high of $58.13. The stock has a market capitalization of $1.39 billion, a P/E ratio of 20.18 and a beta of 1.87. The company has a quick ratio of 1.13, a current ratio of 2.03 and a debt-to-equity ratio of 0.61.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.78%. The ex-dividend date is Wednesday, July 3rd. Helios Technologies’s payout ratio is currently 15.65%.

About Helios Technologies

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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