Holley (NYSE:HLLY - Get Free Report) released its quarterly earnings results on Friday. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04), RTT News reports. Holley had a net margin of 3.56% and a return on equity of 3.51%. The company had revenue of $134.00 million during the quarter, compared to the consensus estimate of $142.53 million. During the same quarter last year, the firm earned $0.03 EPS. The business's revenue was down 14.4% on a year-over-year basis. Holley updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.
Holley Stock Performance
HLLY stock remained flat at $2.76 on Friday. 2,028,474 shares of the company traded hands, compared to its average volume of 281,455. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.19 and a current ratio of 2.80. Holley has a fifty-two week low of $2.29 and a fifty-two week high of $5.23. The firm has a market cap of $330.59 million, a PE ratio of 14.53 and a beta of 1.45. The stock's fifty day moving average is $2.94 and its two-hundred day moving average is $3.37.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on HLLY. Truist Financial dropped their price target on Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Holley in a research note on Wednesday, September 4th. Canaccord Genuity Group dropped their price target on shares of Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Raymond James decreased their target price on Holley from $5.25 to $4.25 and set an "outperform" rating on the stock in a research report on Thursday, August 8th. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and set a $5.50 price objective on shares of Holley in a research note on Monday, September 9th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $6.54.
View Our Latest Research Report on HLLY
About Holley
(
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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.
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