Holley (HLLY) Set to Announce Quarterly Earnings on Friday

Holley (NYSE:HLLY) will issue 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. Parties 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 EPS for the quarter, meeting the consensus estimate of $0.10. Holley had a net margin of 3.56% and a return on equity of 3.51%. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $170.40 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. Holley’s revenue for the quarter was down 3.3% on a year-over-year basis. 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 company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19. Holley has a one year low of $2.54 and a one year high of $5.23. The stock has a market cap of $328.80 million, a PE ratio of 14.45 and a beta of 1.45. The firm has a 50 day simple moving average of $2.97 and a two-hundred day simple moving average of $3.40.

Wall Street Analyst Weigh In

HLLY has been the subject of a number of recent research reports. Canaccord Genuity Group lowered their price objective 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. Raymond James lowered their price objective on shares of Holley from $5.25 to $4.25 and set an “outperform” rating for the company in a report on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $12.00 price objective on shares of Holley in a report on Wednesday, September 4th. Telsey Advisory Group restated an “outperform” rating and issued a $5.50 price objective on shares of Holley in a 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 report on Thursday, August 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, 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.