Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) announced its earnings results on Monday. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.04, Briefing.com reports. The firm had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 EPS.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at $23.47 on Tuesday. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $23.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.71 and a current ratio of 2.86. The firm has a market cap of $1,403.56, a PE ratio of 20.58 and a beta of 1.54.
The firm also recently disclosed an annual dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 16th were given a dividend of $0.12 per share. The ex-dividend date was Friday, October 13th. This represents a dividend yield of 0.56%. Hollysys Automation Technologies’s dividend payout ratio (DPR) is 10.43%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Deutsche Bank AG restated a “buy” rating and set a $25.00 price objective (up previously from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Instinet restated a “reduce” rating and set a $12.31 price objective on shares of Hollysys Automation Technologies in a research report on Tuesday, August 15th. J P Morgan Chase & Co upgraded shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a research report on Tuesday, August 15th. Finally, TheStreet upgraded shares of Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research report on Thursday, August 10th. One 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 stock. The company currently has a consensus rating of “Hold” and an average target price of $19.65.
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A hedge fund recently raised its stake in Hollysys Automation Technologies stock. State Street Corp grew its holdings in shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 17.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,750 shares of the industrial products company’s stock after purchasing an additional 6,142 shares during the period. State Street Corp owned approximately 0.07% of Hollysys Automation Technologies worth $693,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 67.74% of the company’s stock.
Hollysys Automation Technologies Company Profile
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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