Zacks: Brokerages Anticipate Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to Announce $0.49 Earnings Per Share

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Analysts expect Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to post $0.49 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings per share of $0.61 during the same quarter last year, which would indicate a negative year-over-year growth rate of 19.7%. The company is scheduled to announce its next earnings results on Wednesday, August 12th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full-year earnings of $1.78 per share for the current fiscal year, with EPS estimates ranging from $1.70 to $1.86. For the next financial year, analysts forecast that the firm will report earnings of $2.22 per share, with EPS estimates ranging from $2.16 to $2.28. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Thursday, May 14th. The industrial products company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.13). The firm had revenue of $80.77 million for the quarter. Hollysys Automation Technologies had a net margin of 19.37% and a return on equity of 11.99%.

Several research firms have recently commented on HOLI. Citigroup decreased their price objective on Hollysys Automation Technologies from $24.00 to $22.20 and set a “buy” rating for the company in a report on Friday, May 15th. BidaskClub downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. ValuEngine upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, March 18th. Finally, Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $18.63.

A number of institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC purchased a new stake in Hollysys Automation Technologies in the 1st quarter worth approximately $30,000. Trexquant Investment LP purchased a new stake in Hollysys Automation Technologies in the 1st quarter worth approximately $166,000. Brinker Capital Inc. purchased a new stake in Hollysys Automation Technologies in the 1st quarter worth approximately $187,000. Man Group plc purchased a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $250,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in Hollysys Automation Technologies by 24.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 18,600 shares of the industrial products company’s stock worth $305,000 after buying an additional 3,600 shares during the period. Institutional investors and hedge funds own 74.66% of the company’s stock.

NASDAQ HOLI opened at $13.03 on Tuesday. The company has a market cap of $798.30 million, a price-to-earnings ratio of 7.66 and a beta of 1.31. Hollysys Automation Technologies has a 52 week low of $9.52 and a 52 week high of $18.67. The business has a 50 day moving average price of $13.36 and a 200-day moving average price of $14.20.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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