Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) is scheduled to release its earnings data after the market closes on Monday, November 13th. Analysts expect Hollysys Automation Technologies to post earnings of $0.38 per share for the quarter.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.15). The firm had revenue of $137.96 million for the quarter, compared to analysts’ expectations of $152.80 million. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. Hollysys Automation Technologies’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect Hollysys Automation Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) opened at $23.26 on Friday. The company has a market capitalization of $1,414.42, a P/E ratio of 20.74 and a beta of 1.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.86. Hollysys Automation Technologies, Ltd. has a 52 week low of $15.08 and a 52 week high of $23.48.
The company also recently declared an annual dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 16th were paid a dividend of $0.12 per share. This represents a dividend yield of 0.56%. The ex-dividend date was Friday, October 13th. Hollysys Automation Technologies’s dividend payout ratio (DPR) is 10.43%.
HOLI has been the topic of several research analyst reports. Zacks Investment Research raised Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Deutsche Bank AG reissued a “buy” rating and set a $25.00 price target (up previously from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. TheStreet raised Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. Finally, J P Morgan Chase & Co raised Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price target on the stock in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $19.65.
A hedge fund recently raised its stake in Hollysys Automation Technologies stock. State Street Corp boosted its stake in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 17.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,750 shares of the industrial products company’s stock after buying an additional 6,142 shares during the quarter. State Street Corp owned approximately 0.07% of Hollysys Automation Technologies worth $693,000 as of its most recent filing with the SEC. 67.58% of the stock is owned by institutional investors.
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About Hollysys Automation Technologies
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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