Helios Technologies (NASDAQ:HLIO – Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share guidance of 2.000-2.400 for the period, compared to the consensus earnings per share estimate of 2.290. The company issued revenue guidance of $775.0 million-$825.0 million, compared to the consensus revenue estimate of $810.0 million.
Analysts Set New Price Targets
Separately, Stifel Nicolaus lowered their price objective on Helios Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, January 24th.
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Helios Technologies Stock Up 0.5 %
Helios Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 annualized dividend and a yield of 0.92%. Helios Technologies’s dividend payout ratio is 31.86%.
Helios Technologies declared that its board has initiated a share buyback plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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