Holley (NYSE:HLLY) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Holley (NYSE:HLLY) posted its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.09, Zacks reports. The firm had revenue of $140.05 million during the quarter, compared to analysts’ expectations of $137.60 million. Holley had a return on equity of 2.59% and a net margin of 2.55%. The company’s revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. Holley updated its FY 2025 guidance to EPS.

Holley Stock Performance

NYSE:HLLY opened at $2.45 on Thursday. The stock has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $2.90. Holley has a 52-week low of $2.29 and a 52-week high of $4.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.17 and a current ratio of 2.93. The firm has a market capitalization of $292.90 million, a PE ratio of 18.81 and a beta of 1.44.

Insider Buying and Selling at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the sale, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.92% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLLY has been the subject of a number of research reports. Raymond James upped their price objective on Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 price objective on shares of Holley in a research report on Wednesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $6.80.

About Holley

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.