Helios Technologies, Inc. (NASDAQ:HLIO – Get Free Report)’s stock price was up 8% during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $52.51 and last traded at $52.23. Approximately 66,816 shares changed hands during trading, a decline of 67% from the average daily volume of 203,700 shares. The stock had previously closed at $48.38.
The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Helios Technologies had a return on equity of 9.19% and a net margin of 4.49%. The firm had revenue of $212.00 million for the quarter, compared to the consensus estimate of $205.61 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis.
Helios Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, April 4th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.69%. Helios Technologies’s dividend payout ratio is presently 31.58%.
Institutional Inflows and Outflows
Helios Technologies Price Performance
The business has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average 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. The stock has a market cap of $1.72 billion, a PE ratio of 45.61 and a beta of 0.93.
About Helios Technologies
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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