Analysts Expect Hollysys Automation Technologies Ltd (HOLI) Will Announce Earnings of $0.39 Per Share

Equities research analysts predict that Hollysys Automation Technologies Ltd (NASDAQ:HOLI) will report $0.39 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings per share of $0.36 during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The business is expected to issue its next earnings results on Monday, May 13th.

On average, analysts expect that Hollysys Automation Technologies will report full year earnings of $2.08 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.09. For the next financial year, analysts anticipate that the company will post earnings of $2.30 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Friday, February 15th. The industrial products company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.10. Hollysys Automation Technologies had a return on equity of 14.25% and a net margin of 21.87%. The firm had revenue of $149.46 million for the quarter.

Several research firms have recently commented on HOLI. ValuEngine lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, February 5th. Finally, TheStreet raised shares of Hollysys Automation Technologies from a “c+” rating to a “b-” rating in a report on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.50.

A number of large investors have recently bought and sold shares of HOLI. Credit Suisse AG lifted its holdings in shares of Hollysys Automation Technologies by 24.7% during the third quarter. Credit Suisse AG now owns 3,120,000 shares of the industrial products company’s stock worth $66,674,000 after buying an additional 617,778 shares during the last quarter. Impax Asset Management Group plc grew its position in Hollysys Automation Technologies by 7.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,550,712 shares of the industrial products company’s stock worth $44,663,000 after acquiring an additional 184,472 shares during the last quarter. Franklin Resources Inc. grew its position in Hollysys Automation Technologies by 33.2% during the 3rd quarter. Franklin Resources Inc. now owns 2,481,539 shares of the industrial products company’s stock worth $53,032,000 after acquiring an additional 618,653 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of Hollysys Automation Technologies by 35.8% in the 3rd quarter. Wells Fargo & Company MN now owns 1,842,858 shares of the industrial products company’s stock valued at $39,382,000 after buying an additional 486,121 shares during the last quarter. Finally, FIL Ltd grew its position in shares of Hollysys Automation Technologies by 3.1% in the 3rd quarter. FIL Ltd now owns 1,773,711 shares of the industrial products company’s stock valued at $37,905,000 after buying an additional 52,712 shares during the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.

NASDAQ:HOLI traded up $0.68 during trading hours on Friday, hitting $20.94. 188,805 shares of the company were exchanged, compared to its average volume of 203,305. The firm has a market cap of $1.25 billion, a P/E ratio of 11.83 and a beta of 1.41. Hollysys Automation Technologies has a one year low of $16.00 and a one year high of $27.85.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation and control technologies and products 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-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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