Hyliion Holdings Corp. to Post Q2 2024 Earnings of ($0.08) Per Share, Northland Capmk Forecasts (NYSE:HYLN)

Hyliion Holdings Corp. (NYSE:HYLN) – Research analysts at Northland Capmk issued their Q2 2024 earnings per share (EPS) estimates for Hyliion in a note issued to investors on Tuesday, May 7th. Northland Capmk analyst D. Schafer expects that the company will earn ($0.08) per share for the quarter. The consensus estimate for Hyliion’s current full-year earnings is ($0.26) per share. Northland Capmk also issued estimates for Hyliion’s Q3 2024 earnings at ($0.08) EPS and Q4 2024 earnings at ($0.08) EPS.

Hyliion Stock Down 6.0 %

Shares of HYLN opened at $1.49 on Wednesday. Hyliion has a 12 month low of $0.52 and a 12 month high of $2.29. The stock has a market cap of $272.07 million, a price-to-earnings ratio of -2.43 and a beta of 1.78. The company has a 50-day moving average price of $1.56 and a two-hundred day moving average price of $1.10.

Hyliion (NYSE:HYLN) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Hyliion had a negative net margin of 7,004.36% and a negative return on equity of 29.69%. During the same quarter in the prior year, the business posted ($0.16) earnings per share.

Hedge Funds Weigh In On Hyliion

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP raised its stake in Hyliion by 17.2% during the third quarter. GSA Capital Partners LLP now owns 712,672 shares of the company’s stock worth $841,000 after acquiring an additional 104,648 shares in the last quarter. Institutional & Family Asset Management LLC lifted its holdings in Hyliion by 2,565.7% during the 3rd quarter. Institutional & Family Asset Management LLC now owns 54,620 shares of the company’s stock valued at $64,000 after purchasing an additional 52,571 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in Hyliion by 7.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 362,005 shares of the company’s stock valued at $427,000 after buying an additional 25,781 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Hyliion during the third quarter worth about $146,000. Institutional investors own 22.81% of the company’s stock.

Hyliion Company Profile