Holley (HLLY) to Release Quarterly Earnings on Friday

Holley (NYSE:HLLY) will announce its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Holley has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Investors interested in listening to the company’s 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 EPS for the quarter, meeting the consensus estimate 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 business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the company earned $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 Price Performance

Holley stock opened at $2.59 on Friday. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $310.22 million, a PE ratio of 13.63 and a beta of 1.43. Holley has a 12 month low of $2.54 and a 12 month high of $5.23. The stock has a 50-day moving average price of $3.00 and a two-hundred day moving average price of $3.43.

Analyst Upgrades and Downgrades

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