Hollysys Automation Technologies Ltd (HOLI) Expected to Announce Earnings of $0.35 Per Share

Equities research analysts expect Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to announce earnings per share (EPS) of $0.35 for the current quarter, Zacks reports. Zero analysts have provided estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies reported earnings of $0.22 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 59.1%. The business is scheduled to announce its next earnings results on Thursday, May 10th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full year earnings of $1.83 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.85. For the next financial year, analysts forecast that the business will report earnings of $2.17 per share, with EPS estimates ranging from $2.16 to $2.18. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Hollysys Automation Technologies.

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Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.39 by $0.21. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The firm had revenue of $157.40 million during the quarter. During the same period last year, the company posted $0.18 EPS. The business’s revenue for the quarter was up 58.8% on a year-over-year basis.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. ValuEngine raised shares of Hollysys Automation Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. JPMorgan Chase lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $27.00 to $25.00 in a research report on Friday, February 9th. Finally, BidaskClub lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Hollysys Automation Technologies has a consensus rating of “Hold” and a consensus target price of $22.58.

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth $162,000. Legal & General Group Plc increased its position in shares of Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 2,957 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of Hollysys Automation Technologies in the third quarter worth $205,000. HBK Investments L P acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth $301,000. Finally, Invictus RG acquired a new stake in shares of Hollysys Automation Technologies in the third quarter worth $357,000. 68.26% of the stock is owned by institutional investors.

Shares of HOLI stock opened at $24.70 on Wednesday. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $28.35. The company has a quick ratio of 2.76, a current ratio of 2.90 and a debt-to-equity ratio of 0.03. The company has a market cap of $1,518.81, a P/E ratio of 16.24 and a beta of 1.57.

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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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