Holley (HLLY) to Release Quarterly Earnings on Wednesday

Holley (NYSE:HLLY - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce 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.Parties interested in listening to the company's conference call can do so using this link.

Holley (NYSE:HLLY - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.01 EPS 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 for the quarter, compared to analyst estimates of $153.26 million. During the same quarter last year, the company earned ($0.19) earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, analysts expect Holley to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Holley Trading Down 0.2 %

NYSE HLLY traded down $0.01 during trading hours on Wednesday, hitting $4.01. 238,709 shares of the company's stock were exchanged, compared to its average volume of 292,343. The business's 50 day moving average is $4.28 and its 200-day moving average is $4.44. Holley has a 12-month low of $2.08 and a 12-month high of $8.06. The firm has a market capitalization of $476.39 million, a P/E ratio of 23.59 and a beta of 1.52. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.12 and a current ratio of 3.17.

Analyst Ratings Changes

HLLY has been the topic of several recent analyst reports. Benchmark reiterated a "buy" rating and set a $12.00 target price on shares of Holley in a research report on Thursday, March 28th. JPMorgan Chase & Co. downgraded Holley from an "overweight" rating to a "neutral" rating and reduced their target price for the stock from $6.50 to $5.00 in a research report on Tuesday, February 20th. Telsey Advisory Group reiterated an "outperform" rating and set a $9.00 target price on shares of Holley in a research report on Thursday, February 29th. Truist Financial reduced their target price on Holley from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. Finally, Canaccord Genuity Group reduced their target price on Holley from $9.00 to $8.00 and set a "buy" rating on the stock in a research report on Thursday, February 29th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Holley currently has an average rating of "Moderate Buy" and a consensus price target of $7.75.

Insider Activity at Holley

In related news, Director Graham Clempson bought 59,076 shares of the company'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 acquisition, the director now owns 63,851 shares in the company, valued at approximately $266,897.18. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.20% of the company's stock.

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.