Helios Technologies, Inc. (HLIO) To Go Ex-Dividend on October 4th

Helios Technologies, Inc. (NASDAQ:HLIO) declared a quarterly dividend on Tuesday, September 24th, Wall Street Journal reports. Shareholders of record on Friday, October 4th will be paid a dividend of 0.09 per share on Monday, October 21st. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, October 4th.

Helios Technologies has a payout ratio of 12.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Helios Technologies to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 13.5%.

Helios Technologies Stock Down 0.7 %

HLIO stock opened at $47.35 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49. Helios Technologies has a 12 month low of $37.50 and a 12 month high of $55.80. The firm has a market capitalization of $1.57 billion, a PE ratio of 47.35 and a beta of 0.83. The company’s 50 day simple moving average is $43.53 and its 200-day simple moving average is $45.75.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. During the same quarter last year, the business posted $0.81 earnings per share. Helios Technologies’s revenue was down 3.4% compared to the same quarter last year. Equities analysts expect that Helios Technologies will post 2.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

Helios Technologies Company Profile

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.