Zacks: Helios Technologies (NASDAQ:HLIO) Receives Average Recommendation of “Hold” from Brokerages

Shares of Helios Technologies (NASDAQ:HLIO) have received an average broker rating score of 2.60 (Hold) from the five brokers that cover the stock, Zacks Investment Research reports. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. Helios Technologies’ rating score has declined by 55.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Analysts have set a 12 month consensus price target of $46.67 for the company and are expecting that the company will post $0.65 EPS for the current quarter, according to Zacks. Zacks has also assigned Helios Technologies an industry rank of 102 out of 256 based on the ratings given to its competitors.

In related news, major shareholder Robert C. Koski sold 2,500 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $45.72, for a total value of $114,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the stock in a transaction 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. 6.30% of the stock is currently owned by corporate insiders.

Shares of HLIO opened at $46.41 on Wednesday. Helios Technologies has a 52 week low of $30.79 and a 52 week high of $58.13. The firm has a market capitalization of $1.39 billion, a PE ratio of 20.18 and a beta of 1.87. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.03 and a quick ratio of 1.13.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. The company had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $151.91 million. As a group, analysts expect that Helios Technologies will post 2.56 EPS for the current year.

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

Helios Technologies Company Profile

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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