Holley Inc. (NYSE:HLLY – Get Rating) – Investment analysts at Telsey Advisory Group reduced their Q1 2022 earnings per share (EPS) estimates for shares of Holley in a note issued to investors on Wednesday, April 20th. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings of $0.15 per share for the quarter, down from their previous forecast of $0.20. Telsey Advisory Group has a “Outperform” rating and a $16.00 price target on the stock. Telsey Advisory Group also issued estimates for Holley’s FY2023 earnings at $1.02 EPS.
Holley (NYSE:HLLY – Get Rating) last issued its quarterly earnings data on Thursday, March 3rd. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The company had revenue of $179.80 million for the quarter, compared to analyst estimates of $148.59 million. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year.
Shares of HLLY stock opened at $12.44 on Thursday. The company has a current ratio of 3.18, a quick ratio of 1.16 and a debt-to-equity ratio of 2.09. Holley has a 1 year low of $9.24 and a 1 year high of $14.68. The firm’s fifty day moving average price is $13.34 and its two-hundred day moving average price is $12.57.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLLY. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Holley in the 3rd quarter valued at about $1,035,000. Skylands Capital LLC bought a new stake in shares of Holley during the 3rd quarter worth approximately $4,247,000. Kornitzer Capital Management Inc. KS bought a new stake in shares of Holley during the 3rd quarter worth approximately $298,000. BlackRock Inc. bought a new stake in shares of Holley during the 3rd quarter worth approximately $976,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Holley during the 3rd quarter worth approximately $372,000. 30.31% of the stock is owned by hedge funds and other institutional investors.
In other Holley news, Director David S. Lobel sold 3,000,000 shares of the business’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $11.20, for a total value of $33,600,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director David S. Lobel sold 2,000,000 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $13.00, for a total transaction of $26,000,000.00. The disclosure for this sale can be found here.
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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