Wall Street brokerages forecast that Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) will report earnings of $0.32 per share for the current quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings of $0.39 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 17.9%. The business is scheduled to announce its next quarterly earnings results on Monday, November 13th.
On average, analysts expect that Hollysys Automation Technologies will report full-year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.81 to $1.82. For the next year, analysts expect that the business will post earnings of $2.10 per share, with EPS estimates ranging from $2.08 to $2.11. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hollysys Automation Technologies.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings data on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.15). Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The business had revenue of $137.96 million during the quarter, compared to analyst estimates of $152.80 million. The company’s revenue was down 6.6% compared to the same quarter last year.
A number of brokerages recently issued reports on HOLI. TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 10th. Instinet reiterated a “reduce” rating and issued a $12.31 target price on shares of Hollysys Automation Technologies in a report on Tuesday, August 15th. Zacks Investment Research upgraded Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 target price on the stock in a report on Tuesday, August 15th. Finally, BidaskClub upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $19.65.
The company also recently announced an annual dividend, which will be paid on Monday, November 6th. Investors of record on Monday, October 16th will be issued a $0.12 dividend. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 13th. Hollysys Automation Technologies’s dividend payout ratio is currently 17.39%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC bought a new position in shares of Hollysys Automation Technologies in the 1st quarter worth $179,000. KBC Group NV raised its position in Hollysys Automation Technologies by 265.7% in the 1st quarter. KBC Group NV now owns 16,269 shares of the industrial products company’s stock valued at $275,000 after buying an additional 11,820 shares during the last quarter. Edinburgh Partners Ltd raised its position in Hollysys Automation Technologies by 22.0% in the 2nd quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock valued at $304,000 after buying an additional 3,300 shares during the last quarter. BB&T Securities LLC purchased a new stake in Hollysys Automation Technologies in the 2nd quarter valued at $308,000. Finally, HighTower Advisors LLC raised its position in Hollysys Automation Technologies by 56.6% in the 1st quarter. HighTower Advisors LLC now owns 20,296 shares of the industrial products company’s stock valued at $352,000 after buying an additional 7,336 shares during the last quarter. Institutional investors own 68.03% of the company’s stock.
Hollysys Automation Technologies Company Profile
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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