Helios Towers tightens 2024 guidance upwards after strong quarter
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Source: Yahoo Finance
Financial Performance: Helios Towers anticipates full-year adjusted core earnings of approximately $420 million, driven by AI and digitalization, with a 2% growth in third-quarter adjusted EBITDA to $105.7 million.
Growth Projections: The company expects its tenancy ratio to exceed 2.1 by the end of 2025, with a 2% increase in tenants to 29,021 in the latest quarter, surpassing analyst predictions.
Analyst Views on HLIO
Wall Street analysts forecast HLIO stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HLIO is 65.00 USD with a low forecast of 65.00 USD and a high forecast of 65.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 67.050
Low
65.00
Averages
65.00
High
65.00
Current: 67.050
Low
65.00
Averages
65.00
High
65.00
About HLIO
Helios Technologies, Inc. provides engineered motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine and health and wellness. The Company's segments include Hydraulics and Electronics. The Hydraulics segment designs and manufactures hydraulic motion control and fluid conveyance technology products, including cartridge valves, manifolds, quick release couplings, as well as engineers’ hydraulic solutions and, in some cases, complete systems. Its Hydraulics segment includes products sold under the Sun Hydraulics, Faster, NEM, Taimi, Daman and Schultes brands. The Electronics segment designs and manufactures customized electronic controls systems, displays, wire harnesses and software solutions for a variety of end markets. The Electronics segment includes products sold under the Enovation Controls, Murphy, Zero Off, HCT, Balboa Water Group and Joyonway brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
