Holley (HLLY) Set to Announce Quarterly Earnings on Friday

Holley (NYSE:HLLY) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Holley (NYSE:HLLY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. The firm had revenue of $169.50 million during the quarter, compared to the consensus estimate of $170.40 million. Holley had a return on equity of 3.51% and a net margin of 3.56%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. 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

HLLY stock opened at $2.75 on Wednesday. The business has a 50 day moving average price of $2.97 and a 200 day moving average price of $3.40. The stock has a market cap of $328.80 million, a price-to-earnings ratio of 14.45 and a beta of 1.45. Holley has a fifty-two week low of $2.54 and a fifty-two week high of $5.23. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 1.18.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Raymond James reduced their price objective on Holley from $5.25 to $4.25 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Truist Financial dropped their price objective on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Telsey Advisory Group reiterated an “outperform” rating and set a $5.50 target price on shares of Holley in a research report on Monday, September 9th. Canaccord Genuity Group reduced their price objective on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark restated a “buy” rating and issued a $12.00 price objective on shares of Holley in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.54.

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.