Holley (HLLY) to Release Earnings on Thursday

Holley (NYSE:HLLYGet Rating) is scheduled to announce its earnings results before the market opens on Thursday, May 12th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Holley has set its FY 2022 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Holley (NYSE:HLLYGet Rating) last posted its earnings results on Thursday, March 3rd. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $148.59 million. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. On average, analysts expect Holley to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NYSE:HLLY opened at $10.65 on Thursday. The company has a quick ratio of 1.16, a current ratio of 3.18 and a debt-to-equity ratio of 2.09. The company has a 50 day moving average price of $13.06 and a 200-day moving average price of $12.52. Holley has a 1-year low of $9.24 and a 1-year high of $14.68.

Several equities analysts have recently weighed in on HLLY shares. Raymond James lifted their target price on shares of Holley from $14.00 to $14.50 and gave the company an “outperform” rating in a report on Friday, January 14th. Zacks Investment Research lowered shares of Holley from a “buy” rating to a “hold” rating in a report on Tuesday, March 8th. Finally, Telsey Advisory Group lifted their price target on shares of Holley from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, March 4th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Holley currently has an average rating of “Buy” and a consensus price target of $14.88.

In other Holley news, Director David S. Lobel sold 2,000,000 shares of Holley stock in a transaction on Tuesday, March 22nd. The shares were sold at an average price of $13.00, for a total transaction of $26,000,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director David S. Lobel sold 8,000,000 shares of Holley stock in a transaction on Monday, April 25th. The stock was sold at an average price of $11.43, for a total transaction of $91,440,000.00. Following the sale, the director now directly owns 54,673,884 shares in the company, valued at approximately $624,922,494.12. The disclosure for this sale can be found here. Insiders sold a total of 13,000,000 shares of company stock worth $151,040,000 in the last three months.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley acquired a new stake in Holley during the 3rd quarter worth $91,000. JPMorgan Chase & Co. acquired a new position in shares of Holley during the 4th quarter valued at about $126,000. Legal & General Group Plc acquired a new position in shares of Holley during the 4th quarter valued at about $134,000. Royal Bank of Canada acquired a new position in shares of Holley during the 3rd quarter valued at about $182,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Holley by 64.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 51,407 shares of the company’s stock valued at $668,000 after acquiring an additional 20,218 shares during the last quarter. 81.35% of the stock is currently owned by institutional investors.

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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