Analysts Expect Helios Technologies (NASDAQ:HLIO) to Announce $0.37 EPS

Shares of Helios Technologies (NASDAQ:HLIO) have earned an average broker rating score of 2.67 (Hold) from the six analysts that provide coverage for the stock, Zacks Investment Research reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Helios Technologies’ rating score has declined by 2.7% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.

Brokerages have set a one year consensus price objective of $45.75 for the company and are forecasting that the company will post $0.37 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Helios Technologies an industry rank of 211 out of 255 based on the ratings given to its competitors.

A number of brokerages have recently weighed in on HLIO. Zacks Investment Research upgraded Helios Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. ValuEngine lowered Helios Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. Finally, SunTrust Banks began coverage on Helios Technologies in a research report on Tuesday, December 17th. They issued a “hold” rating and a $48.00 price objective on the stock.

In related news, CFO Tricia L. Fulton sold 1,500 shares of Helios Technologies stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $48.00, for a total transaction of $72,000.00. Following the sale, the chief financial officer now directly owns 54,372 shares in the company, valued at $2,609,856. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine L. Koski sold 20,000 shares of Helios Technologies stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of $45.68, for a total value of $913,600.00. Following the sale, the director now owns 52,811 shares in the company, valued at $2,412,406.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,500 shares of company stock worth $2,037,000. Corporate insiders own 6.30% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank boosted its position in shares of Helios Technologies by 5.6% during the fourth quarter. Amalgamated Bank now owns 5,511 shares of the company’s stock valued at $255,000 after purchasing an additional 290 shares in the last quarter. Raymond James & Associates boosted its position in shares of Helios Technologies by 16.0% during the fourth quarter. Raymond James & Associates now owns 11,213 shares of the company’s stock valued at $518,000 after purchasing an additional 1,543 shares in the last quarter. Citigroup Inc. boosted its position in shares of Helios Technologies by 36.6% during the fourth quarter. Citigroup Inc. now owns 12,293 shares of the company’s stock valued at $568,000 after purchasing an additional 3,295 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in shares of Helios Technologies during the fourth quarter valued at approximately $106,000. Finally, TD Asset Management Inc. boosted its position in shares of Helios Technologies by 12.3% during the fourth quarter. TD Asset Management Inc. now owns 19,148 shares of the company’s stock valued at $885,000 after purchasing an additional 2,100 shares in the last quarter. Institutional investors own 84.62% of the company’s stock.

Shares of HLIO stock opened at $45.11 on Tuesday. The firm has a market cap of $1.43 billion, a P/E ratio of 23.02 and a beta of 1.82. Helios Technologies has a fifty-two week low of $34.56 and a fifty-two week high of $53.60. The business’s 50 day moving average price is $45.34 and its 200-day moving average price is $43.37. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.57.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Stockholders of record on Sunday, January 5th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. Helios Technologies’s dividend 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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