Hollysys Automation Technologies Ltd (NASDAQ:HOLI) declared an annual dividend on Thursday, September 27th, Zacks reports. Shareholders of record on Monday, October 22nd will be given a dividend of 0.18 per share by the industrial products company on Monday, November 12th. This represents a yield of 0.85%. The ex-dividend date of this dividend is Friday, October 19th. This is an increase from Hollysys Automation Technologies’s previous annual dividend of $0.12.

Hollysys Automation Technologies has a payout ratio of 8.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hollysys Automation Technologies to earn $2.44 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 7.4%.

NASDAQ HOLI opened at $19.54 on Thursday. The company has a quick ratio of 2.83, a current ratio of 3.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 10.98 and a beta of 1.58. Hollysys Automation Technologies has a 52 week low of $16.00 and a 52 week high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings data on Tuesday, August 14th. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). The firm had revenue of $147.24 million for the quarter, compared to analysts’ expectations of $141.59 million. Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.37 earnings per share. Analysts predict that Hollysys Automation Technologies will post 2.12 EPS for the current fiscal year.

HOLI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Wednesday, August 15th. ValuEngine raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, BidaskClub raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $26.00.

Hollysys Automation Technologies Company Profile

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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