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Helios Technologies, Inc. (NYSE:HLIO), a global industrial technology leader, saw its stock price touch a 52-week low of $38.35, significantly below its 52-week high of $57.29. According to InvestingPro data, analysts maintain a bullish outlook with price targets ranging from $55 to $65. This latest price movement reflects a challenging period for the company, which has experienced a 1-year change with a decrease of 10.37%. Despite market headwinds, the company maintains strong fundamentals with a current ratio of 2.77 and has demonstrated its commitment to shareholder returns by maintaining dividend payments for 29 consecutive years. Investors are closely monitoring Helios Technologies as it navigates through the current economic landscape, which has impacted its stock performance and brought it to this notable low point within the past year. The company’s efforts to adapt and innovate in the face of these market conditions are being watched with keen interest by the industry and market analysts alike. For deeper insights into HLIO’s valuation and growth prospects, including exclusive ProTips and comprehensive financial analysis, visit InvestingPro.
In other recent news, Helios Technologies reported mixed results for the fourth quarter of 2024. The company exceeded revenue expectations with $179.5 million, surpassing the general market consensus of $176.2 million. However, Helios fell short on earnings per share (EPS), reporting $0.33 against the forecasted $0.41. Despite the earnings miss, the market reacted positively, with analysts at Stifel maintaining a Buy rating and a $60 price target for the stock. Helios also announced a $100 million share repurchase program, signaling confidence in its cash flow and future performance.
Looking ahead, Helios provided guidance for 2025, projecting annual revenue between $775 million and $825 million. The company anticipates an adjusted EBITDA margin ranging from 18% to 20%. For the first quarter of 2025, revenue is expected to be between $185 million and $190 million, slightly below market expectations. Helios also highlighted strategic initiatives, including new product launches and operational efficiencies, as key drivers for future growth. The company remains focused on improving its cash flow and reducing debt, having achieved a record free cash flow conversion rate of 244% in 2024.
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