Holley Q4 EPS Estimate Decreased by Telsey Advisory Group

Holley Inc. (NYSE:HLLY) – Equities researchers at Telsey Advisory Group reduced their Q4 2024 earnings per share estimates for shares of Holley in a note issued to investors on Monday, November 11th. Telsey Advisory Group analyst J. Feldman now expects that the company will post earnings of $0.03 per share for the quarter, down from their previous forecast of $0.07. Telsey Advisory Group has a “Outperform” rating and a $4.50 price target 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 posted its quarterly earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). The firm had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $142.53 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 14.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 EPS.

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

Holley Stock Down 4.2 %

Holley stock opened at $2.74 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.19 and a current ratio of 2.80. The business’s 50-day simple moving average is $2.93 and its two-hundred day simple moving average is $3.35. The company has a market cap of $328.20 million, a PE ratio of 22.00 and a beta of 1.45. Holley has a fifty-two week low of $2.29 and a fifty-two week high of $5.23.

Hedge Funds Weigh In On Holley

A number of hedge funds have recently bought and sold shares of HLLY. Allspring Global Investments Holdings LLC raised its stake in shares of Holley by 129.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock worth $34,335,000 after buying an additional 5,409,997 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Holley by 52.3% during the second quarter. Dimensional Fund Advisors LP now owns 975,034 shares of the company’s stock valued at $3,491,000 after purchasing an additional 334,940 shares in the last quarter. Skylands Capital LLC grew its position in shares of Holley by 37.6% in the second quarter. Skylands Capital LLC now owns 1,123,800 shares of the company’s stock valued at $4,023,000 after purchasing an additional 306,874 shares during the period. Renaissance Technologies LLC increased its stake in shares of Holley by 665.2% during the second quarter. Renaissance Technologies LLC now owns 131,500 shares of the company’s stock worth $471,000 after purchasing an additional 114,314 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Holley by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 443,469 shares of the company’s stock worth $1,308,000 after purchasing an additional 43,053 shares during the last quarter. 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.