Northland Capmk Weighs in on Hyliion Holdings Corp.’s Q2 2024 Earnings (NYSE:HYLN)

Hyliion Holdings Corp. (NYSE:HYLN) – Investment analysts at Northland Capmk issued their Q2 2024 earnings per share (EPS) estimates for shares of Hyliion in a report released on Tuesday, May 7th. Northland Capmk analyst D. Schafer anticipates that the company will post earnings per share of ($0.08) for the quarter. The consensus estimate for Hyliion’s current full-year earnings is ($0.26) per share. Northland Capmk also issued estimates for Hyliion’s Q3 2024 earnings at ($0.08) EPS and Q4 2024 earnings at ($0.08) EPS.

Hyliion (NYSE:HYLN) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.11) EPS for the quarter, hitting the consensus estimate of ($0.11). Hyliion had a negative net margin of 7,004.36% and a negative return on equity of 29.69%. During the same period last year, the firm posted ($0.16) earnings per share.

Hyliion Price Performance

Shares of Hyliion stock opened at $1.43 on Wednesday. The business has a 50 day simple moving average of $1.56 and a two-hundred day simple moving average of $1.11. Hyliion has a 12 month low of $0.52 and a 12 month high of $2.29. The stock has a market capitalization of $261.99 million, a P/E ratio of -2.34 and a beta of 1.78.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Hyliion by 7.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,005 shares of the company’s stock worth $427,000 after purchasing an additional 25,781 shares during the last quarter. Institutional & Family Asset Management LLC raised its holdings in shares of Hyliion by 2,565.7% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock valued at $64,000 after purchasing an additional 52,571 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Hyliion by 17.2% during the 3rd quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock worth $841,000 after buying an additional 104,648 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Hyliion during the third quarter worth approximately $146,000. 22.81% of the stock is owned by hedge funds and other institutional investors.

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