Hollysys Automation Technologies Ltd. (HOLI) Announces Earnings Results
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) posted its quarterly earnings results on Monday. The company reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.47 by $0.10. Hollysys Automation Technologies had a net margin of 21.76% and a return on equity of 18.39%. The business earned $103.50 million during the quarter, compared to analyst estimates of $141.76 million. The business’s revenue was down 17.3% compared to the same quarter last year.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at 18.54 on Wednesday. The firm’s 50 day moving average price is $20.94 and its 200 day moving average price is $19.54. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 9.44 and a beta of 1.59. Hollysys Automation Technologies has a one year low of $15.00 and a one year high of $23.55.
The company also recently disclosed an annual dividend, which was paid on Friday, November 11th. Shareholders of record on Wednesday, October 26th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, October 24th. Hollysys Automation Technologies’s payout ratio is 10.20%.
Hedge funds have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new stake in shares of Hollysys Automation Technologies during the third quarter valued at about $135,000. BNP Paribas Arbitrage SA boosted its stake in shares of Hollysys Automation Technologies by 984.8% in the third quarter. BNP Paribas Arbitrage SA now owns 6,639 shares of the company’s stock valued at $147,000 after buying an additional 6,027 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Hollysys Automation Technologies during the second quarter valued at about $118,000. JPMorgan Chase & Co. boosted its stake in shares of Hollysys Automation Technologies by 628.3% in the second quarter. JPMorgan Chase & Co. now owns 8,739 shares of the company’s stock valued at $152,000 after buying an additional 7,539 shares in the last quarter. Finally, HBK Investments L P bought a new stake in shares of Hollysys Automation Technologies during the first quarter valued at about $227,000. 53.55% of the stock is owned by institutional investors.
Separately, Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, August 17th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Hollysys Automation Technologies has an average rating of “Hold” and a consensus target price of $21.78.
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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