Huami (HMI) Announces Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Huami (NYSE:HMI) issued its earnings results on Thursday. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.05 by $0.23, Morningstar.com reports. The firm had revenue of $178.11 million during the quarter. Huami had a return on equity of 23.87% and a net margin of 8.94%. Huami updated its Q1 2019 guidance to EPS.

HMI stock traded up $0.84 during midday trading on Friday, hitting $15.40. The stock had a trading volume of 220,045 shares, compared to its average volume of 237,813. The stock has a market cap of $995.45 million and a P/E ratio of 23.58. Huami has a 52 week low of $8.43 and a 52 week high of $19.66.

A number of hedge funds have recently modified their holdings of HMI. BlackRock Inc. acquired a new position in Huami during the second quarter worth $543,000. Bank of America Corp DE lifted its holdings in shares of Huami by 4,910.4% in the 2nd quarter. Bank of America Corp DE now owns 10,121 shares of the company’s stock valued at $100,000 after acquiring an additional 9,919 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Huami by 1.6% in the 3rd quarter. Wells Fargo & Company MN now owns 3,203,023 shares of the company’s stock valued at $34,272,000 after acquiring an additional 49,812 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Huami in the 3rd quarter valued at about $184,000. Finally, Renaissance Technologies LLC bought a new position in shares of Huami in the 3rd quarter valued at about $1,089,000. 14.85% of the stock is owned by hedge funds and other institutional investors.

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About Huami

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

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Earnings History for Huami (NYSE:HMI)

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