Helios Technologies, Inc Price and Consensus Such upward revisions in earnings estimates are reflective of healthy operating conditions for the company. The consensus estimate for third-quarter earnings has been unchanged at 83 cents. and $4., marking increases of 12.4% and 8.6% from the respective 60-day-ago figures. The Zacks Consensus Estimate for the company’s earnings per share is pegged at $3. In July, it paid out a quarterly dividend of 9 cents per share to its shareholders. Also, the company’s sound shareholder-friendly policies raise its appeal. Adjusted earnings before interest, tax, depreciation and amortization are expected to be $188-$203 million, higher than $170-$180 million mentioned earlier. Earnings are predicted to be $3.60-$3.80, higher than $3.30-$3.50 mentioned previously. It is integrated with Helios’ Hydraulics segment.įor 2021, Helios anticipates revenues of $800-$830 million, higher than the earlier mentioned $740-$750 million. NEM will complement Helios’ Cartridge Valve Technology offerings, especially for customers in agriculture machinery, material handling, industrial and construction markets. The buyout is anticipated to expand Helios’ manufacturing capabilities, presence in the OEM market and geographical reach. In July, Helios acquired Italy-based NEM S.r.l.
In second-quarter 2021, buyouts contributed $60.2 million to the company’s revenues. Inflation in raw material costs and supply-chain issues are near-term hurdles.Īcquisitions also add to Helios’ attractiveness.
Its operating and manufacturing strategies are added tailwinds, speaking highly of the company’s bright growth opportunities. In addition to sound financial performance, Helios’ is poised to benefit from a solid portfolio of products, innovation capabilities and strengthening end markets in the quarters ahead. The bottom line advanced 118% year over year on the back of 87% growth in revenues and an improvement in operating results. Its earnings surpassed the Zacks Consensus Estimate by 39.53% and sales exceeded the same by 19.81%. In the past three months, Helios reported better-than-expected results for second-quarter 2021. Image Source: Zacks Investment Research Factors Influencing the Stock
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