Wall Street analysts expect that Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) will post $0.37 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Hollysys Automation Technologies’ earnings. Hollysys Automation Technologies posted earnings of $0.56 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.9%. The firm is scheduled to report its next earnings results after the market closes on Monday, August 14th.

According to Zacks, analysts expect that Hollysys Automation Technologies will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.31 to $1.50. For the next fiscal year, analysts forecast that the business will report earnings of $2.03 per share, with EPS estimates ranging from $1.86 to $2.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Hollysys Automation Technologies.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The business had revenue of $91.30 million during the quarter, compared to the consensus estimate of $99.35 million. The business’s revenue was down 23.1% on a year-over-year basis.

A number of equities analysts have commented on the stock. BidaskClub raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Hollysys Automation Technologies currently has an average rating of “Hold” and a consensus target price of $19.85.

Large investors have recently made changes to their positions in the stock. Hermes Investment Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 265.1% in the second quarter. Hermes Investment Management Ltd. now owns 2,130,121 shares of the industrial products company’s stock worth $35,381,000 after buying an additional 1,546,614 shares during the period. Kopernik Global Investors LLC acquired a new position in shares of Hollysys Automation Technologies during the first quarter worth $10,476,000. Norges Bank acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth $10,978,000. Pictet Asset Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 23.4% in the first quarter. Pictet Asset Management Ltd. now owns 2,935,168 shares of the industrial products company’s stock worth $49,692,000 after buying an additional 556,260 shares during the period. Finally, Alliancebernstein L.P. boosted its position in shares of Hollysys Automation Technologies by 241.8% in the first quarter. Alliancebernstein L.P. now owns 783,285 shares of the industrial products company’s stock worth $13,261,000 after buying an additional 554,153 shares during the period. Institutional investors and hedge funds own 66.92% of the company’s stock.

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Hollysys Automation Technologies (NASDAQ HOLI) opened at 18.94 on Friday. The company has a market capitalization of $1.14 billion, a P/E ratio of 14.20 and a beta of 1.50. The company’s 50-day moving average is $17.13 and its 200 day moving average is $16.95. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $23.55.

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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