Holley (HLLY) to Release Quarterly Earnings on Thursday

Holley (NYSE:HLLYGet Rating) will be posting its quarterly earnings results before the market opens on Thursday, May 12th. Analysts expect Holley to post earnings of $0.17 per share for the quarter. Holley has set its FY 2022 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Holley (NYSE:HLLYGet Rating) last announced its earnings results on Thursday, March 3rd. The company reported $0.08 earnings per share 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 analyst estimates of $148.59 million. The company’s quarterly revenue was up 29.9% on a year-over-year basis. On average, analysts expect Holley to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of HLLY opened at $10.65 on Thursday. Holley has a twelve month low of $9.24 and a twelve month high of $14.68. The company has a debt-to-equity ratio of 2.09, a current ratio of 3.18 and a quick ratio of 1.16. The company’s fifty day simple moving average is $13.06 and its 200-day simple moving average is $12.52.

In other Holley news, Director David S. Lobel sold 3,000,000 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David S. Lobel sold 2,000,000 shares of the stock in a transaction dated Tuesday, March 22nd. The stock was 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. Over the last quarter, insiders have sold 13,000,000 shares of company stock worth $151,040,000.

A number of institutional investors have recently modified their holdings of HLLY. Morgan Stanley bought a new position in Holley during the 3rd quarter worth about $91,000. JPMorgan Chase & Co. bought a new stake in shares of Holley in the 4th quarter valued at about $126,000. Legal & General Group Plc bought a new stake in shares of Holley in the 4th quarter valued at about $134,000. Royal Bank of Canada bought a new stake in shares of Holley in the 3rd quarter valued at about $182,000. Finally, Credit Suisse AG bought a new stake in shares of Holley in the 4th quarter valued at about $322,000. Institutional investors own 81.35% of the company’s stock.

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

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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