William Blair Issues Negative Estimate for Holley Earnings

Holley Inc. (NYSE:HLLY - Free Report) - Stock analysts at William Blair dropped their Q1 2025 earnings per share estimates for shares of Holley in a research report issued on Tuesday, March 11th. William Blair analyst P. Blee now forecasts that the company will post earnings per share of $0.00 for the quarter, down from their prior forecast of $0.06. The consensus estimate for Holley's current full-year earnings is $0.12 per share.

Several other equities analysts have also recently issued reports on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $4.50 price objective on shares of Holley in a research note on Wednesday, March 12th. Raymond James lifted their price objective on Holley from $3.00 to $3.50 and gave the company an "outperform" rating in a research note on Wednesday, March 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $6.80.

Holley Trading Down 2.2 %

Holley stock traded down $0.06 during midday trading on Friday, reaching $2.40. 338,107 shares of the stock traded hands, compared to its average volume of 374,051. The company has a 50-day simple moving average of $2.85 and a two-hundred day simple moving average of $2.88. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The firm has a market cap of $286.91 million, a PE ratio of 18.42 and a beta of 1.44. Holley has a 12-month low of $2.26 and a 12-month high of $4.58.

Remove Ads

Holley (NYSE:HLLY - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.02 by $0.09. Holley had a return on equity of 2.59% and a net margin of 2.55%. The firm had revenue of $140.05 million during the quarter, compared to the consensus estimate of $137.60 million. During the same period last year, the company earned $0.01 EPS. The company's quarterly revenue was down 10.1% on a year-over-year basis.

Institutional Investors Weigh In On Holley

Several institutional investors have recently added to or reduced their stakes in HLLY. Janney Montgomery Scott LLC grew its holdings in shares of Holley by 25.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,035 shares of the company's stock worth $48,000 after buying an additional 3,210 shares during the last quarter. Aigen Investment Management LP grew its position in shares of Holley by 22.1% in the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company's stock valued at $56,000 after purchasing an additional 3,389 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Holley by 39.8% in the fourth quarter. SG Americas Securities LLC now owns 24,590 shares of the company's stock valued at $74,000 after purchasing an additional 7,002 shares during the last quarter. Zacks Investment Management lifted its stake in shares of Holley by 69.5% during the third quarter. Zacks Investment Management now owns 19,658 shares of the company's stock valued at $58,000 after buying an additional 8,061 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Holley during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 39.70% of the company's stock.

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.