Helios Technologies, Inc. (NASDAQ:HLIO) is expected to report third quarter earnings results, before market open, on Monday 2nd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.41 per share.
Looking ahead, the full year income are expected at $ 1.97 per share on the revenues of $ 486.24 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 520.00 million ~ $ 555.00 million, where as bottomline are predicted in a range of $ 2.00 ~ $ 2.30 per share
Click Here For More Historical Outlooks Of Helios Technologies, Inc.
Previous Quarter Performance
Helios Technologies, Inc. reported income for the second quarter of $ 0.55 per share, from the revenue of $ 119.29 million. The quarterly earnings contracted 15.38 percent while revenues fell 18.15 percent compared with the same quarter last year.
Street analysts expected Helios Technologies, Inc. to report income of $ 0.28 per share on revenue of $ 103.02 million for the second quarter. The bottom line results beat street analysts by $ 0.27 or 96.43 percent, at the same time, top line results outshined analysts by $ 16.27 million or 15.79 percent.
Stock Performance
On Friday, shares of Helios Technologies, Inc. has traded high as $ 42.53 and has cracked $ 41.37 on the downward trend, reaching $ 41.84 with volume of 101.10 thousand shares.
According to the previous trading day, closing price of $ 41.84, representing a 44.02 % increase from the 52 week low of $ 29.03 and a 15.52 % decrease over the 52 week high of $ 49.49.
The company has a market capital of $ 1.34 billion and is part of the Industrials sector and Diversified Industrials industry.
Recent Analyst recommendations
- On 13th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 43.00 target price.
- On 12th October 2020, upgraded by Robert W. Baird to Outperform from Neutral rating, with $ 55.00 target price.
Conference Call
Helios Technologies, Inc. will be hosting a conference call at 9:00 AM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.heliostechnologies.com
Helios Technologies, Inc. develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics.
