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

Holley (NYSE:HLLY) issued its quarterly earnings results on Tuesday. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.09, Zacks reports. Holley had a return on equity of 2.59% and a net margin of 2.55%.

Holley Stock Performance

HLLY stock opened at $2.39 on Tuesday. Holley has a 1-year low of $2.29 and a 1-year high of $4.58. The business has a 50-day moving average price of $2.90 and a 200 day moving average price of $2.91. The company has a market capitalization of $286.55 million, a P/E ratio of 18.40 and a beta of 1.44. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.93 and a quick ratio of 1.17.

Analyst Upgrades and Downgrades

Separately, Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.50 price target on shares of Holley in a research note on Thursday, March 6th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $6.95.

Insiders Place Their Bets

In other Holley news, Director David S. Lobel sold 1,743,356 shares of Holley stock in a transaction dated 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 owns 41,556,961 shares in the company, valued at $124,670,883. The trade was a 4.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.92% of the stock is owned by company 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.