Analysts Expect Hollysys Automation Technologies Ltd (HOLI) to Announce $0.39 EPS
Equities research analysts expect that Hollysys Automation Technologies Ltd (NASDAQ:HOLI) will report earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies reported earnings of $0.18 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 116.7%. The business is scheduled to report its next quarterly earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Hollysys Automation Technologies will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.81 to $1.84. For the next financial year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.18 to $2.19. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Hollysys Automation Technologies.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Monday, November 13th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.04. The business had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share.
Several brokerages have issued reports on HOLI. Deutsche Bank reaffirmed a “buy” rating and issued a $25.00 target price (up from $23.00) on shares of Hollysys Automation Technologies in a report on Monday, October 2nd. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Finally, Zacks Investment Research cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Hollysys Automation Technologies currently has an average rating of “Hold” and an average price target of $21.52.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. purchased a new position in shares of Hollysys Automation Technologies during the second quarter valued at approximately $2,693,000. Point72 Asset Management L.P. purchased a new position in shares of Hollysys Automation Technologies during the third quarter valued at approximately $996,000. First Trust Advisors LP raised its holdings in shares of Hollysys Automation Technologies by 20.1% during the third quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock valued at $3,018,000 after purchasing an additional 23,400 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Hollysys Automation Technologies by 5.2% during the second quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock valued at $4,672,000 after purchasing an additional 13,900 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Hollysys Automation Technologies by 405,692.7% during the third quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock valued at $16,837,000 after purchasing an additional 778,930 shares during the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Hollysys Automation Technologies (HOLI) traded down $0.45 during trading on Tuesday, reaching $22.95. 366,964 shares of the company’s stock traded hands, compared to its average volume of 251,622. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. The stock has a market capitalization of $1,410.00, a PE ratio of 20.49 and a beta of 1.58. Hollysys Automation Technologies has a twelve month low of $15.08 and a twelve month high of $27.19.
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About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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