Holley (HLLY) Scheduled to Post Earnings on Friday

Holley (NYSE:HLLY - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Friday, November 8th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Holley has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that wish to listen to the company's earnings conference call can do so using this link.

Holley (NYSE:HLLY - Get Free Report) last issued its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, hitting analysts' consensus estimates of $0.10. The business had revenue of $169.50 million for the quarter, compared to the consensus estimate of $170.40 million. Holley had a net margin of 3.56% and a return on equity of 3.51%. The firm's revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. On average, analysts expect Holley to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Holley Stock Performance

HLLY stock traded up $0.04 during trading hours on Friday, reaching $2.63. The stock had a trading volume of 297,098 shares, compared to its average volume of 345,372. The stock has a market capitalization of $314.42 million, a PE ratio of 13.82 and a beta of 1.43. The stock has a 50-day simple moving average of $2.99 and a 200 day simple moving average of $3.42. Holley has a fifty-two week low of $2.54 and a fifty-two week high of $5.23. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.80 and a quick ratio of 1.19.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HLLY. Truist Financial reduced their target price on shares of Holley from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group decreased their target price on Holley from $8.00 to $7.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Telsey Advisory Group reissued an "outperform" rating and set a $5.50 price target on shares of Holley in a report on Monday, September 9th. Raymond James reduced their price target on Holley from $5.25 to $4.25 and set an "outperform" rating for the company in a research note on Thursday, August 8th. Finally, Benchmark reiterated a "buy" rating and set a $12.00 price objective on shares of Holley in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $6.54.

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.