Analysts Expect Hollysys Automation Technologies Ltd (HOLI) to Post $0.39 Earnings Per Share

Wall Street analysts forecast that Hollysys Automation Technologies Ltd (NASDAQ:HOLI) will report earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies reported earnings per share of $0.18 in the same quarter last year, which would suggest a positive year-over-year growth rate of 116.7%. The business is scheduled to report its next earnings report on Tuesday, February 13th.

On average, analysts expect that Hollysys Automation Technologies will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.81 to $1.84. For the next fiscal year, analysts expect that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.18 to $2.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. The business’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.37 earnings per share.

A number of brokerages recently issued reports on HOLI. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank reissued a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $21.52.

Several hedge funds and other institutional investors have recently bought and sold shares of HOLI. Wells Fargo & Company MN grew its stake in shares of Hollysys Automation Technologies by 405,692.7% during the third quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock worth $16,837,000 after buying an additional 778,930 shares during the last quarter. Davis Selected Advisers grew its stake in shares of Hollysys Automation Technologies by 22.5% in the third quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock worth $89,792,000 after purchasing an additional 763,181 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Hollysys Automation Technologies by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock worth $19,950,000 after purchasing an additional 364,971 shares during the last quarter. Vident Investment Advisory LLC grew its stake in shares of Hollysys Automation Technologies by 43.4% in the third quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock worth $25,045,000 after purchasing an additional 350,648 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Hollysys Automation Technologies in the second quarter worth $2,693,000. 70.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Hollysys Automation Technologies (NASDAQ HOLI) traded up $0.17 during trading hours on Tuesday, reaching $24.69. 129,300 shares of the company were exchanged, compared to its average volume of 227,100. The company has a market capitalization of $1,490.00, a PE ratio of 22.04 and a beta of 1.58. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. Hollysys Automation Technologies has a fifty-two week low of $15.08 and a fifty-two week high of $27.19.

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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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