Holley (HLLY) Expected to Announce Earnings on Wednesday

Holley (NYSE:HLLY) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Holley to post earnings of $0.05 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Holley Trading Down 0.6 %

Shares of HLLY stock opened at $2.70 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17. The firm has a market capitalization of $322.86 million, a PE ratio of 20.73 and a beta of 1.42. Holley has a 1-year low of $2.29 and a 1-year high of $4.87. The business’s fifty day moving average price is $2.94 and its 200 day moving average price is $2.94.

Insider Transactions at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the 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 transaction, the director now owns 41,556,961 shares in the company, valued at approximately $124,670,883. This represents a 4.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.92% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Telsey Advisory Group restated an “outperform” rating and set a $4.50 price objective on shares of Holley in a research note on Wednesday, January 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $6.95.

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.