Equities Analysts Offer Predictions for Hyliion Q1 Earnings

Posted by Tech Dows on Nov 20th, 2024

Hyliion Holdings Corp. (NYSE:HYLN – Free Report) – Stock analysts at Northland Capmk issued their Q1 2025 earnings per share estimates for Hyliion in a report issued on Tuesday, November 19th. Northland Capmk analyst E. Jackson expects that the company will post earnings of ($0.07) per share for the quarter. Northland Capmk has a “Hold” rating on the stock. The consensus estimate for Hyliion’s current full-year earnings is ($0.29) per share. Northland Capmk also issued estimates for Hyliion’s Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.08) EPS, Q4 2025 earnings at ($0.09) EPS, FY2025 earnings at ($0.32) EPS, Q1 2026 earnings at ($0.09) EPS, Q2 2026 earnings at ($0.08) EPS, Q3 2026 earnings at ($0.08) EPS, FY2026 earnings at ($0.34) EPS and FY2027 earnings at ($0.30) EPS.

Separately, Northland Securities boosted their target price on Hyliion from $1.50 to $2.00 and gave the company a “market perform” rating in a research note on Tuesday, August 13th.

View Our Latest Analysis on HYLN

Hyliion Trading Up 11.1 %

Shares of NYSE HYLN opened at $3.11 on Wednesday. The firm has a market cap of $539.84 million, a PE ratio of -8.41 and a beta of 1.91. The company has a fifty day moving average price of $2.44 and a 200 day moving average price of $2.00. Hyliion has a 1-year low of $0.55 and a 1-year high of $3.13.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. HITE Hedge Asset Management LLC bought a new position in shares of Hyliion during the second quarter worth approximately $656,000. Millennium Management LLC boosted its stake in shares of Hyliion by 64.8% in the second quarter. Millennium Management LLC now owns 4,735,608 shares of the company’s stock valued at $7,672,000 after buying an additional 1,861,497 shares during the period. Bank of New York Mellon Corp grew its position in Hyliion by 9.9% during the second quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company’s stock worth $931,000 after buying an additional 51,794 shares in the last quarter. AQR Capital Management LLC bought a new position in Hyliion during the 2nd quarter worth $40,000. Finally, Vanguard Group Inc. raised its holdings in Hyliion by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 7,291,480 shares of the company’s stock valued at $12,833,000 after acquiring an additional 762,909 shares in the last quarter. 22.81% of the stock is currently owned by institutional investors.

Insider Activity at Hyliion

In other news, insider Govindaraj Ramasamy bought 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average cost of $1.92 per share, for a total transaction of $57,600.00. Following the purchase, the insider now owns 298,000 shares of the company’s stock, valued at approximately $572,160. This trade represents a 11.19 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 20.40% of the stock is owned by company insiders.