Helios Technologies (NASDAQ:HLIO) – Investment analysts at KeyCorp decreased their FY2019 EPS estimates for Helios Technologies in a research note issued to investors on Monday, November 4th, Zacks Investment Research reports. KeyCorp analyst J. Hammond now expects that the company will post earnings per share of $2.26 for the year, down from their previous estimate of $2.35.
Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, November 5th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Helios Technologies had a return on equity of 14.36% and a net margin of 11.08%. The firm had revenue of $138.00 million during the quarter, compared to analyst estimates of $136.74 million. During the same period in the previous year, the company earned $0.62 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis.
Other equities research analysts have also issued reports about the company. ValuEngine lowered Helios Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, November 6th. Zacks Investment Research upgraded Helios Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley set a $40.00 target price on Helios Technologies and gave the stock a “hold” rating in a report on Friday, August 9th.
HLIO traded down $0.93 on Wednesday, hitting $44.78. The company had a trading volume of 18,892 shares, compared to its average volume of 69,332. The stock’s fifty day simple moving average is $42.34. Helios Technologies has a 1-year low of $30.79 and a 1-year high of $53.60. 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 company has a market capitalization of $1.44 billion, a PE ratio of 19.47 and a beta of 1.79.
Several hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co NY lifted its holdings in shares of Helios Technologies by 3.5% during the third quarter. Metropolitan Life Insurance Co NY now owns 9,100 shares of the company’s stock worth $369,000 after buying an additional 308 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Helios Technologies by 1.2% during the third quarter. California State Teachers Retirement System now owns 45,651 shares of the company’s stock valued at $1,852,000 after purchasing an additional 545 shares during the period. Assetmark Inc. bought a new stake in shares of Helios Technologies during the second quarter valued at approximately $28,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Helios Technologies during the second quarter valued at approximately $33,000. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Helios Technologies by 10.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 8,932 shares of the company’s stock valued at $362,000 after purchasing an additional 865 shares during the period. Institutional investors own 84.68% of the company’s stock.
In other news, Director Christine L. Koski sold 6,421 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $45.34, for a total transaction of $291,128.14. Following the completion of the transaction, the director now directly owns 58,481 shares in the company, valued at $2,651,528.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christine L. Koski sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $44.60, for a total value of $446,000.00. 6.30% of the stock is owned by insiders.
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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