Holley (HLLY) Scheduled to Post Earnings on Wednesday

Holley (NYSE:HLLY) will be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect Holley to post earnings of $0.05 per share for the quarter. Holley has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Holley (NYSE:HLLY) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.01 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.01. Holley had a return on equity of 5.77% and a net margin of 2.91%. The business had revenue of $155.70 million during the quarter, compared to the consensus estimate of $153.26 million. During the same period in the previous year, the business earned ($0.19) EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts expect Holley to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Holley Price Performance

Shares of NYSE HLLY opened at $4.08 on Monday. Holley has a 1-year low of $2.08 and a 1-year high of $8.06. The firm has a market capitalization of $484.70 million, a PE ratio of 24.00 and a beta of 1.53. The company has a debt-to-equity ratio of 1.31, a current ratio of 3.17 and a quick ratio of 1.12. The business’s fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.43.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Canaccord Genuity Group lowered their target price on Holley from $9.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, February 29th. Benchmark reiterated a “buy” rating and issued a $12.00 price objective on shares of Holley in a research report on Thursday, March 28th. Truist Financial dropped their price objective on Holley from $9.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. downgraded shares of Holley from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $6.50 to $5.00 in a research note on Tuesday, February 20th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $9.00 price objective on shares of Holley in a report on Thursday, February 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Holley has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Insider Activity at Holley

In other news, Director Graham Clempson purchased 59,076 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $4.18 per share, for a total transaction of $246,937.68. Following the completion of the acquisition, the director now owns 63,851 shares in the company, valued at $266,897.18. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.

Holley Company Profile

Holley Inc operates as designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. Its products span various automotive platforms and sells across multiple channels. The company's performance automotive products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products; and exhaust products, as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.