Q4 EPS Estimates for Holley Lowered by Telsey Advisory Group

Holley Inc. (NYSE:HLLY) – Investment analysts at Telsey Advisory Group dropped their Q4 2024 earnings per share (EPS) estimates for Holley in a research report issued to clients and investors on Monday, November 11th. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings per share of $0.03 for the quarter, down from their prior estimate of $0.07. Telsey Advisory Group has a “Outperform” rating and a $4.50 price target on the stock. The consensus estimate for Holley’s current full-year earnings is $0.14 per share. Telsey Advisory Group also issued estimates for Holley’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.27 EPS.

A number of other brokerages have also recently weighed in on HLLY. Truist Financial decreased their price target 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. Benchmark reiterated a “buy” rating and issued a $12.00 target price on shares of Holley in a research note on Wednesday, September 4th. Canaccord Genuity Group dropped their target price on Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Raymond James decreased their price target on Holley from $5.25 to $4.25 and set an “outperform” rating for the company in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.39.

Holley Price Performance

HLLY opened at $2.73 on Tuesday. Holley has a 52-week low of $2.29 and a 52-week high of $5.23. The company has a 50 day moving average of $2.91 and a two-hundred day moving average of $3.34. The company has a market cap of $327.00 million, a P/E ratio of 21.00 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 2.93 and a debt-to-equity ratio of 1.20.

Holley (NYSE:HLLY) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $134.00 million during the quarter, compared to analyst estimates of $142.53 million. Holley had a net margin of 2.55% and a return on equity of 2.59%. The business’s revenue for the quarter was down 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share.

Hedge Funds Weigh In On Holley

Institutional investors and hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in Holley by 129.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock valued at $34,335,000 after acquiring an additional 5,409,997 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Holley by 52.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company’s stock valued at $3,491,000 after purchasing an additional 334,940 shares in the last quarter. Skylands Capital LLC lifted its position in shares of Holley by 37.6% during the second quarter. Skylands Capital LLC now owns 1,123,800 shares of the company’s stock worth $4,023,000 after purchasing an additional 306,874 shares during the last quarter. Renaissance Technologies LLC grew its stake in Holley by 665.2% in the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock worth $471,000 after purchasing an additional 114,314 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Holley by 10.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock valued at $1,308,000 after buying an additional 43,053 shares during the last quarter. 39.70% of the stock is currently owned by hedge funds and other institutional investors.

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.