Holley (HLLY) to Release Earnings on Tuesday

Holley (NYSE:HLLY) is projected to post 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 Holley stock opened at $2.43 on Monday. Holley has a 12-month low of $2.29 and a 12-month high of $4.58. The company has a market cap of $290.51 million, a price-to-earnings ratio of 18.65 and a beta of 1.44. 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 company’s 50-day moving average price is $2.92 and its 200-day moving average price is $2.91.

Insider Activity at Holley

In related news, Director David S. Lobel sold 1,743,356 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total value of $5,230,068.00. Following the sale, the director now directly owns 41,556,961 shares of the company’s stock, valued at $124,670,883. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.92% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.