Holley (HLLY) Set to Announce Quarterly Earnings on Friday

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

Holley (NYSE:HLLY) last posted its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $170.40 million. Holley had a net margin of 3.56% and a return on equity of 3.51%. Holley’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company posted $0.14 earnings per share. On average, analysts expect Holley to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Holley Stock Up 3.6 %

Shares of HLLY stock opened at $2.84 on Thursday. The company’s fifty day simple moving average is $2.96 and its two-hundred day simple moving average is $3.39. Holley has a 52 week low of $2.54 and a 52 week high of $5.23. The stock has a market cap of $340.18 million, a P/E ratio of 14.95 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 2.80 and a debt-to-equity ratio of 1.18.

Wall Street Analysts Forecast Growth

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