Huami (HMI) Issues Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Huami (NYSE:HMI) announced its earnings results on Thursday. The company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.23, Morningstar.com reports. Huami had a net margin of 8.94% and a return on equity of 23.87%. The business had revenue of $178.11 million during the quarter. Huami updated its Q1 2019 guidance to EPS.

HMI traded up $0.91 during trading hours on Friday, hitting $15.47. 228,009 shares of the company’s stock were exchanged, compared to its average volume of 237,813. Huami has a 1-year low of $8.43 and a 1-year high of $19.66. The stock has a market capitalization of $995.45 million and a price-to-earnings ratio of 23.58.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its holdings in Huami by 12.2% during the fourth quarter. GSA Capital Partners LLP now owns 19,300 shares of the company’s stock worth $190,000 after purchasing an additional 2,100 shares during the last quarter. Renaissance Group LLC acquired a new stake in Huami in the fourth quarter valued at $634,000. Symmetry Peak Management LLC lifted its stake in Huami by 106.4% in the third quarter. Symmetry Peak Management LLC now owns 51,608 shares of the company’s stock valued at $552,000 after acquiring an additional 26,608 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Huami in the third quarter valued at $1,089,000. Finally, BlackRock Inc. lifted its stake in Huami by 245.5% in the third quarter. BlackRock Inc. now owns 190,568 shares of the company’s stock valued at $2,039,000 after acquiring an additional 135,410 shares during the last quarter. Institutional investors and hedge funds own 14.85% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Huami (HMI) Issues Quarterly Earnings Results, Beats Estimates By $0.23 EPS” was posted by WKRB News and is the property of of WKRB News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.wkrb13.com/2019/03/15/huami-hmi-issues-quarterly-earnings-results-beats-estimates-by-0-23-eps.html.

About Huami

Huami Corporation, a biometric and activity data-driven company, develops, manufactures, and sells smart wearable technological devices in the People's Republic of China. It operates through two segments, Xiaomi Wearable Products, and Self-Branded Products and Others. The company offers smart bands, watches, and scales; and a range of accessories, including bands, watch straps, necklaces, sportswear, etc.

See Also: What is a Reverse Stock Split?

Earnings History for Huami (NYSE:HMI)

Receive News & Ratings for Huami Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huami and related companies with MarketBeat.com's FREE daily email newsletter.