Huami (NYSE:HMI) Issues Quarterly Earnings Results

Huami (NYSE:HMI) posted its quarterly earnings results on Monday. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.52), Morningstar.com reports. The firm had revenue of $151.31 million for the quarter. Huami had a net margin of 10.35% and a return on equity of 23.00%. Huami updated its Q3 2019 guidance to EPS.

Shares of HMI traded up $0.27 during mid-day trading on Tuesday, reaching $10.80. The company had a trading volume of 1,090 shares, compared to its average volume of 321,205. Huami has a 52-week low of $7.27 and a 52-week high of $19.66. The stock has a market capitalization of $669.82 million, a P/E ratio of 12.25 and a beta of 2.59. The stock has a 50 day moving average of $10.57 and a two-hundred day moving average of $11.79.

HMI has been the topic of several research analyst reports. ValuEngine upgraded Huami from a “hold” rating to a “buy” rating in a research note on Thursday, June 27th. TheStreet upgraded Huami from a “d+” rating to a “c-” rating in a research note on Wednesday, June 26th.

Several institutional investors and hedge funds have recently modified their holdings of HMI. Wells Fargo & Company MN raised its holdings in Huami by 49.7% in the 2nd quarter. Wells Fargo & Company MN now owns 5,319,259 shares of the company’s stock worth $53,192,000 after purchasing an additional 1,766,329 shares during the period. FIL Ltd raised its holdings in Huami by 951.1% in the 1st quarter. FIL Ltd now owns 839,530 shares of the company’s stock worth $10,989,000 after purchasing an additional 759,662 shares during the period. Invesco Ltd. raised its holdings in Huami by 5,219.3% in the 2nd quarter. Invesco Ltd. now owns 822,254 shares of the company’s stock worth $8,222,000 after purchasing an additional 806,796 shares during the period. Renaissance Technologies LLC raised its holdings in Huami by 12.4% in the 2nd quarter. Renaissance Technologies LLC now owns 556,100 shares of the company’s stock worth $5,561,000 after purchasing an additional 61,516 shares during the period. Finally, Athos Capital Ltd acquired a new position in shares of Huami during the second quarter valued at approximately $3,799,000. Hedge funds and other institutional investors own 21.33% of the company’s stock.

Huami Company Profile

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.

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Earnings History for Huami (NYSE:HMI)

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