Holley (HLLY) Expected to Announce Earnings on Tuesday

Holley (NYSE:HLLY) is anticipated to post its quarterly earnings results before the market opens on Tuesday, March 11th. Analysts expect Holley to post earnings of $0.02 per share and revenue of $137.60 million for the quarter.

Holley Price Performance

Shares of HLLY opened at $2.43 on Monday. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. The stock has a market cap of $290.51 million, a PE ratio of 18.65 and a beta of 1.44. Holley has a 12-month low of $2.29 and a 12-month high of $4.58. The business has a 50-day simple moving average of $2.92 and a two-hundred day simple moving average of $2.91.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated an “outperform” rating and set a $4.50 target price on shares of Holley in a research report on Thursday. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Holley currently has an average rating of “Buy” and a consensus price target of $6.95.

Insider Buying and Selling at Holley

In related news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $3.00, for a total value of $5,230,068.00. Following the transaction, the director now directly owns 41,556,961 shares of the company’s stock, valued at $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.92% of the company’s stock.

Holley Company Profile

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.