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

Equities analysts predict that Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies reported earnings of $0.04 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1,000%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 12th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full year earnings of $1.77 per share for the current year. For the next year, analysts expect that the firm will report earnings of $2.00 per share, with EPS estimates ranging from $1.86 to $2.13. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Hollysys Automation Technologies.

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

Separately, Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday.

Hollysys Automation Technologies stock opened at $15.72 on Thursday. The firm has a fifty day simple moving average of $14.21. The company has a market capitalization of $951.69 million, a price-to-earnings ratio of 13.79 and a beta of 0.94. 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 1-year low of $9.83 and a 1-year high of $16.31.

Institutional investors have recently made changes to their positions in the business. Banco de Sabadell S.A lifted its holdings in shares of Hollysys Automation Technologies by 66.7% in the 1st quarter. Banco de Sabadell S.A now owns 2,500 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 1,000 shares during the last quarter. BlackRock Inc. increased its stake in shares of Hollysys Automation Technologies by 166.4% in the first quarter. BlackRock Inc. now owns 8,912 shares of the industrial products company’s stock worth $112,000 after buying an additional 5,567 shares during the period. OneAscent Wealth Management LLC purchased a new position in shares of Hollysys Automation Technologies in the first quarter worth $140,000. Squarepoint Ops LLC purchased a new position in shares of Hollysys Automation Technologies in the first quarter worth $165,000. Finally, Barclays PLC purchased a new position in shares of Hollysys Automation Technologies in the first quarter worth $176,000. Institutional investors and hedge funds own 77.40% of the company’s stock.

About Hollysys Automation Technologies

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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