Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) Expected to Post Earnings of $0.44 Per Share

Wall Street brokerages forecast that Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) will post earnings per share of $0.44 for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies reported earnings per share of $0.04 in the same quarter last year, which would indicate a positive year over year growth rate of 1,000%. The company is expected to announce its next quarterly earnings report on Thursday, August 12th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full-year earnings of $1.73 per share for the current year, with EPS estimates ranging from $1.69 to $1.77. For the next year, analysts expect that the business will post earnings of $2.00 per share, with EPS estimates ranging from $1.86 to $2.13. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Wednesday, May 12th. The industrial products company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.13). Hollysys Automation Technologies had a return on equity of 6.62% and a net margin of 12.34%. The company had revenue of $109.91 million for the quarter.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 5th. JPMorgan Chase & Co. downgraded Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $16.10 price objective for the company. in a research note on Friday, March 5th.

Shares of HOLI traded up $0.22 during midday trading on Friday, reaching $13.79. 6,369 shares of the stock were exchanged, compared to its average volume of 278,946. The stock has a market cap of $834.81 million, a P/E ratio of 12.08 and a beta of 0.92. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.23 and a quick ratio of 3.11. Hollysys Automation Technologies has a twelve month low of $9.83 and a twelve month high of $16.31. The firm has a 50-day simple moving average of $13.19.

A number of large investors have recently added to or reduced their stakes in HOLI. Banco de Sabadell S.A grew its stake in shares of Hollysys Automation Technologies by 66.7% during the 1st quarter. Banco de Sabadell S.A now owns 2,500 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 1,000 shares during the period. BlackRock Inc. increased its stake in Hollysys Automation Technologies by 166.4% in the 1st quarter. BlackRock Inc. now owns 8,912 shares of the industrial products company’s stock valued at $112,000 after purchasing an additional 5,567 shares in the last quarter. OneAscent Wealth Management LLC purchased a new stake in Hollysys Automation Technologies during the first quarter worth $140,000. Squarepoint Ops LLC acquired a new stake in Hollysys Automation Technologies in the first quarter valued at $165,000. Finally, Barclays PLC purchased a new stake in shares of Hollysys Automation Technologies in the 1st quarter worth about $176,000. Hedge funds and other institutional investors own 77.54% of the company’s stock.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation solutions 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 MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

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