On July 8, 2024, Helios issued a press release announcing that its Board of Directors had "place[d] Josef Matosevic, the Company's President, Chief Executive Officer and Director, immediately on a paid leave effective July 1, 2024, as a result of allegations of a potential violation of the Company's Code of Business Conduct and Ethics." Helios stated that "Mr. Matosevic's leave is pending completion of an ongoing investigation being conducted by the Board with the assistance of outside legal counsel." The i ...

SAN DIEGO, July 10, 2024 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Helios Technologies, Inc. (NYSE: HLIO) ("Helios" or the "Company") or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Helios securities? If you purchase ...

SAN DIEGO, July 9, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Helios Technologies, Inc. (NYSE: HLIO) ("Helios" or the "Company") or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. Click Here to Join the Investigation There is no cost or ob ...

Within the past quarter, the Zacks Consensus Estimate for HLIO's full-year earnings has moved 4.5% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. One other Industrial Products stock that has outperformed the sector so far this year is Applied Industrial Technologies (AIT) . The stock is up 8.9% year-to-date. Investors interested in the Industrial Products sector may want to keep a close eye on Helios Technologies and Applied Industrial Technologies as ...

Helios Technologies (HLIO) closed the last trading session at $47.99, gaining 6.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $65.50 indicates a 36.5% upside potential. The mean estimate comprises four short-term price targets with a standard deviation of $9.57. While the lowest estimate of $58 indicates a 20.9% increase from the current price level, the most optimistic analys ...

From a technical perspective, Helios Technologies, Inc (HLIO) is looking like an interesting pick, as it just reached a key level of support. HLIO's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world. There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a long ...

Investors might want to bet on Helios Technologies (HLIO) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook. The upward trend in estimate revisions for this maker of screw-in hydraulic cartridge valves and manifolds reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empi ...

Core Viewpoint - Helios Technologies (HLIO) shares have increased by 11.3% in the past four weeks, closing at $51.18, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $65.50, representing a 28% upside [1] Price Targets and Estimates - The mean estimate consists of four short-term price targets with a standard deviation of $9.57, where the lowest estimate of $58 indicates a 13.3% increase, and the highest estimate of $78 suggests a 52.4% increase [2] - A low standard deviation among price targets indicates a high degree of agreement among analysts regarding the stock's price movement [8] Earnings Estimates - Analysts show strong agreement in revising earnings per share (EPS) estimates higher, which correlates with potential stock price increases [10] - The Zacks Consensus Estimate for the current year has risen by 4.5% over the past month, with one estimate increasing and no negative revisions [11] Analyst Behavior and Market Dynamics - Analysts often set overly optimistic price targets due to business incentives, which can lead to inflated estimates [7] - While price targets are a common metric, relying solely on them for investment decisions may not yield favorable returns [9]

Helios Technologies (HLIO) came out with quarterly earnings of $0.53 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.78%. A quarter ago, it was expected that this maker of screw-in hydraulic cartridge valves and manifolds would post earnings of $0.25 per share when it actually produced earnings of $0.38, delivering a surpr ...

Exhibit 99.1 NEWS RELEASE FOR IMMEDIATE RELEASE Helios Technologies Reports First Quarter 2024 Financial Results; Strong Sequential Growth for a Solid Start to the Year SARASOTA, FL, May 8, 2024 — Helios Technologies, Inc. (NYSE: HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, today reported financial results for the first quarter ended March 30, 2024. Results include our most recent flywheel acquisitions of S ...