Hollysys Automation Technologies (NASDAQ:HOLI) issued its quarterly earnings results on Monday. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.07, Briefing.com reports. Hollysys Automation Technologies had a net margin of 21.87% and a return on equity of 14.25%. The company had revenue of $125.20 million during the quarter, compared to the consensus estimate of $142.40 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 3.8% on a year-over-year basis.
HOLI opened at $18.56 on Tuesday. Hollysys Automation Technologies has a twelve month low of $16.00 and a twelve month high of $27.85. The firm has a market cap of $1.14 billion, a PE ratio of 10.43 and a beta of 1.37.
Several brokerages recently commented on HOLI. JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $26.00 to $23.00 in a research note on Tuesday, April 9th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Thursday, April 4th. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, TheStreet upgraded shares of Hollysys Automation Technologies from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $26.50.
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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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