Zacks: Analysts Anticipate Hyliion Holdings Corp. (NYSE:HYLN) to Post -$0.27 EPS

Brokerages expect Hyliion Holdings Corp. (NYSE:HYLN) to post earnings per share of ($0.27) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Hyliion’s earnings. Hyliion reported earnings of ($0.06) per share during the same quarter last year, which indicates a negative year over year growth rate of 350%. The company is scheduled to issue its next earnings results on Tuesday, February 22nd.

On average, analysts expect that Hyliion will report full year earnings of ($0.64) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.61). For the next year, analysts forecast that the business will post earnings of ($0.95) per share, with EPS estimates ranging from ($0.97) to ($0.92). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Hyliion.

Hyliion (NYSE:HYLN) last issued its quarterly earnings data on Tuesday, November 9th. The company reported ($0.15) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.09. During the same quarter in the prior year, the company posted ($0.48) EPS.

HYLN has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Hyliion from a “buy” rating to a “hold” rating in a research report on Wednesday. Cantor Fitzgerald initiated coverage on shares of Hyliion in a research report on Thursday, November 11th. They issued an “overweight” rating and a $12.00 price target on the stock. Barclays downgraded shares of Hyliion from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $12.00 to $7.00 in a research report on Thursday, November 11th. Finally, UBS Group downgraded shares of Hyliion from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $14.00 to $5.00 in a research report on Monday, October 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.85.

Hyliion stock traded down $0.03 during midday trading on Friday, reaching $5.27. 2,268,811 shares of the company traded hands, compared to its average volume of 2,291,265. Hyliion has a 12 month low of $5.08 and a 12 month high of $22.25. The firm has a market capitalization of $913.36 million, a price-to-earnings ratio of -10.33 and a beta of 0.72. The business has a 50 day moving average of $6.56 and a two-hundred day moving average of $8.11.

In related news, CEO Thomas J. Healy sold 300,000 shares of the firm’s stock in a transaction on Monday, November 1st. The shares were sold at an average price of $8.31, for a total transaction of $2,493,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Edward E. Olkkola bought 6,100 shares of the business’s stock in a transaction that occurred on Wednesday, December 8th. The shares were bought at an average cost of $6.55 per share, with a total value of $39,955.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 21,621 shares of company stock valued at $136,031 and sold 950,792 shares valued at $7,350,092. Corporate insiders own 32.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its stake in shares of Hyliion by 68.6% in the 2nd quarter. Advisor Group Holdings Inc. now owns 23,310 shares of the company’s stock worth $270,000 after buying an additional 9,488 shares in the last quarter. New York State Common Retirement Fund purchased a new position in shares of Hyliion in the 2nd quarter worth $1,170,000. Arizona State Retirement System purchased a new position in shares of Hyliion in the 2nd quarter worth $297,000. Teacher Retirement System of Texas purchased a new position in shares of Hyliion in the 2nd quarter worth $137,000. Finally, Rhumbline Advisers purchased a new position in shares of Hyliion in the 2nd quarter worth $1,761,000. 27.18% of the stock is owned by institutional investors.

About Hyliion

Hyliion Holdings Corp. manufactures hybrid and electric powertrains for trucks. It engages in the provision of hybrid technology to tractor trailers. The company was founded by Thomas Healy in 2015 and is headquartered in Cedar Park, TX.

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