Holley (NYSE:HLLY) Posts Earnings Results, Beats Expectations By $0.09 EPS

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

Holley Trading Down 18.0 %

NYSE HLLY opened at $2.45 on Thursday. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. Holley has a twelve month low of $2.29 and a twelve month high of $4.58. The firm has a market capitalization of $292.90 million, a PE ratio of 18.81 and a beta of 1.44. The stock’s 50 day moving average is $2.89 and its 200 day moving average is $2.90.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and issued a $4.50 price objective on shares of Holley in a research report on Wednesday. Raymond James lifted their price target on Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $6.80.

Insider Activity at Holley

In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction on 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. The trade was a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.92% of the stock is currently owned by corporate insiders.

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.