Holley (HLLY) Projected to Post Quarterly Earnings on Tuesday

Holley (NYSE:HLLY) will likely be posting its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect Holley to post earnings of $0.02 per share and revenue of $137.60 million for the quarter.

Holley Trading Down 2.2 %

Shares of HLLY stock opened at $2.43 on Monday. The stock has a market cap of $290.51 million, a P/E ratio of 18.65 and a beta of 1.44. Holley has a 1 year low of $2.29 and a 1 year high of $4.58. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $2.91.

Analysts Set New Price Targets

Separately, Telsey Advisory Group reissued an “outperform” rating and set a $4.50 target price on shares of Holley in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, Holley currently has a consensus rating of “Buy” and an average price target of $6.95.

Insider Buying and Selling at Holley

In related news, Director David S. Lobel sold 1,743,356 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the sale, the director now directly owns 41,556,961 shares in the company, valued at $124,670,883. This represents a 4.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.92% of the company’s stock.

About Holley

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.