Analysts forecast that Hollysys Automation Technologies Ltd (NASDAQ:HOLI) will announce $0.52 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings per share of $0.36 in the same quarter last year, which would indicate a positive year-over-year growth rate of 44.4%. The firm is expected to announce its next earnings results on Monday, November 12th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.14. For the next fiscal year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.42 to $2.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Tuesday, August 14th. The industrial products company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.03). Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. The business had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $141.59 million. During the same quarter in the previous year, the business earned $0.37 EPS. Hollysys Automation Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year.

HOLI has been the subject of several research reports. JPMorgan Chase & Co. cut shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price objective for the company. in a research note on Wednesday, August 15th. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. ValuEngine lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $25.67.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP bought a new position in Hollysys Automation Technologies during the 2nd quarter worth $1,379,000. Employees Retirement System of Texas increased its position in Hollysys Automation Technologies by 67.5% in the 2nd quarter. Employees Retirement System of Texas now owns 139,000 shares of the industrial products company’s stock worth $3,077,000 after purchasing an additional 56,000 shares during the last quarter. Todd Asset Management LLC lifted its position in shares of Hollysys Automation Technologies by 0.6% in the 2nd quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock worth $12,205,000 after acquiring an additional 3,355 shares during the period. Sensato Investors LLC bought a new stake in shares of Hollysys Automation Technologies in the 2nd quarter worth approximately $2,020,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Hollysys Automation Technologies by 17.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock worth $27,058,000 after acquiring an additional 185,807 shares during the period. 70.45% of the stock is owned by institutional investors.

Shares of NASDAQ HOLI opened at $20.96 on Monday. The company has a quick ratio of 2.83, a current ratio of 3.01 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies has a 12 month low of $16.00 and a 12 month high of $28.35. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 11.78 and a beta of 1.62.

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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