Analysts Expect Hollysys Automation Technologies Ltd (NASDAQ:HOLI) Will Announce Earnings of $0.56 Per Share

Equities analysts predict that Hollysys Automation Technologies Ltd (NASDAQ:HOLI) will post earnings per share (EPS) of $0.56 for the current quarter, according to Zacks. Zero analysts have issued estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings per share of $0.46 during the same quarter last year, which indicates a positive year over year growth rate of 21.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, August 13th.

According to Zacks, 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 expect that the business will post earnings of $2.30 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, May 13th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.07. Hollysys Automation Technologies had a net margin of 22.78% and a return on equity of 14.59%. The company had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $142.40 million. During the same quarter in the prior year, the company earned $0.36 EPS. Hollysys Automation Technologies’s revenue was up 3.8% compared to the same quarter last year.

Several brokerages recently issued reports on HOLI. ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. raised shares of DISCO CORP/ADR from an “underweight” rating to a “neutral” rating in a research note on Wednesday, April 17th. BidaskClub cut shares of Westport Fuel Systems from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Zacks Investment Research cut shares of CGI from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $23.50.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Campbell & CO Investment Adviser LLC purchased a new stake in Hollysys Automation Technologies during the 1st quarter valued at about $260,000. First Trust Advisors LP grew its stake in shares of Hollysys Automation Technologies by 21.8% in the 4th quarter. First Trust Advisors LP now owns 18,269 shares of the industrial products company’s stock valued at $320,000 after buying an additional 3,269 shares during the period. Probity Advisors Inc. grew its stake in shares of Hollysys Automation Technologies by 28.1% in the 1st quarter. Probity Advisors Inc. now owns 30,412 shares of the industrial products company’s stock valued at $637,000 after buying an additional 6,667 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $566,000. Finally, Marshall Wace North America L.P. grew its stake in shares of Hollysys Automation Technologies by 458.4% in the 1st quarter. Marshall Wace North America L.P. now owns 35,762 shares of the industrial products company’s stock valued at $749,000 after buying an additional 29,358 shares during the period. 73.33% of the stock is owned by institutional investors.

NASDAQ HOLI traded up $0.05 during trading hours on Monday, hitting $17.78. 103,618 shares of the company’s stock traded hands, compared to its average volume of 161,566. Hollysys Automation Technologies has a 52-week low of $16.00 and a 52-week high of $24.10. The company has a market cap of $1.07 billion, a P/E ratio of 9.99 and a beta of 1.39. The company’s 50-day moving average is $18.54.

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.

Featured Story: Growth Stocks

Get a free copy of the Zacks research report on Hollysys Automation Technologies (HOLI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.