Equities research analysts forecast that Holley Inc. (NYSE:HLLY – Get Rating) will post $181.82 million in sales for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Holley’s earnings, with estimates ranging from $174.10 million to $191.10 million. The firm is expected to report its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Holley will report full-year sales of $783.58 million for the current financial year, with estimates ranging from $777.00 million to $789.90 million. For the next financial year, analysts expect that the company will report sales of $832.80 million, with estimates ranging from $815.00 million to $853.70 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Holley.
Holley (NYSE:HLLY – Get Rating) last announced its quarterly earnings data on Thursday, March 3rd. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The firm had revenue of $179.80 million for the quarter, compared to the consensus estimate of $148.59 million. Holley’s revenue was up 29.9% compared to the same quarter last year.
Holley stock traded down $0.09 during trading on Thursday, reaching $12.93. 163,658 shares of the company’s stock were exchanged, compared to its average volume of 212,467. The company’s 50-day moving average is $13.12 and its two-hundred day moving average is $12.51. The company has a quick ratio of 1.16, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. Holley has a 52-week low of $9.24 and a 52-week high of $14.68.
In other news, Director David S. Lobel sold 2,000,000 shares of the company’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $13.00, for a total value of $26,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director David S. Lobel sold 3,000,000 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $11.20, for a total transaction of $33,600,000.00. The disclosure for this sale can be found here.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HLLY. Morgan Stanley acquired a new stake in shares of Holley in the third quarter valued at approximately $91,000. JPMorgan Chase & Co. acquired a new stake in shares of Holley in the fourth quarter valued at approximately $126,000. Legal & General Group Plc acquired a new stake in shares of Holley in the fourth quarter valued at approximately $134,000. Arizona State Retirement System acquired a new stake in shares of Holley in the fourth quarter valued at approximately $144,000. Finally, Penserra Capital Management LLC acquired a new stake in shares of Holley in the third quarter valued at approximately $147,000. Hedge funds and other institutional investors own 30.31% of the company’s stock.
Holley Company Profile (Get Rating)
Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's 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.
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