Holley Q4 EPS Estimate Decreased by Telsey Advisory Group

Holley Inc. (NYSE:HLLY) – Equities researchers at Telsey Advisory Group decreased their Q4 2024 earnings estimates for Holley in a report released on Monday, November 11th. Telsey Advisory Group analyst J. Feldman now expects that the company will earn $0.03 per share for the quarter, down from their prior forecast of $0.07. Telsey Advisory Group currently has a “Outperform” rating and a $4.50 target price on the stock. The consensus estimate for Holley’s current full-year earnings is $0.19 per share. Telsey Advisory Group also issued estimates for Holley’s Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.12 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.06 EPS and FY2025 earnings at $0.27 EPS.

Holley (NYSE:HLLY) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.04). Holley had a net margin of 3.56% and a return on equity of 3.51%. The business had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $142.53 million. During the same period in the prior year, the company posted $0.03 EPS. The firm’s revenue was down 14.4% on a year-over-year basis.

Several other analysts have also recently issued reports on HLLY. Canaccord Genuity Group dropped their price objective on shares of Holley from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial decreased their target price on shares of Holley from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Raymond James decreased their target price on shares of Holley from $5.25 to $4.25 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and issued a $12.00 target price on shares of Holley in a report on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $6.39.

Holley Stock Down 4.2 %

Shares of NYSE HLLY opened at $2.74 on Tuesday. Holley has a 12-month low of $2.29 and a 12-month high of $5.23. The stock has a market cap of $328.20 million, a PE ratio of 22.00 and a beta of 1.45. The company has a current ratio of 2.80, a quick ratio of 1.19 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $2.93 and a 200 day moving average of $3.35.

Hedge Funds Weigh In On Holley

Several large investors have recently made changes to their positions in HLLY. Allspring Global Investments Holdings LLC lifted its holdings in shares of Holley by 129.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock worth $34,335,000 after acquiring an additional 5,409,997 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Holley by 52.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company’s stock worth $3,491,000 after acquiring an additional 334,940 shares during the last quarter. Skylands Capital LLC lifted its holdings in shares of Holley by 37.6% in the 2nd quarter. Skylands Capital LLC now owns 1,123,800 shares of the company’s stock worth $4,023,000 after acquiring an additional 306,874 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Holley by 665.2% in the 2nd quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock worth $471,000 after acquiring an additional 114,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Holley by 10.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after acquiring an additional 43,053 shares during the last quarter. 39.70% of the stock is currently owned by institutional investors and hedge funds.

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.