William Blair Issues Negative Forecast for Holley Earnings

Holley Inc. (NYSE:HLLY) – Equities researchers at William Blair cut their Q1 2025 earnings estimates for Holley in a report released on Tuesday, March 11th. William Blair analyst P. Blee now expects that the company will earn $0.00 per share for the quarter, down from their previous forecast of $0.06. The consensus estimate for Holley’s current full-year earnings is $0.12 per share.

Holley (NYSE:HLLY) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.09. Holley had a net margin of 2.55% and a return on equity of 2.59%. The business had revenue of $140.05 million during the quarter, compared to analyst estimates of $137.60 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue was down 10.1% on a year-over-year basis.

HLLY has been the subject of several other reports. Telsey Advisory Group reaffirmed an “outperform” rating and set a $4.50 price objective on shares of Holley in a research note on Wednesday. Raymond James upped their price objective on shares of Holley from $3.00 to $3.50 and gave the company an “outperform” rating in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Holley has an average rating of “Buy” and an average target price of $6.80.

Holley Stock Performance

NYSE HLLY opened at $2.41 on Friday. The company has a 50-day simple moving average of $2.87 and a two-hundred day simple moving average of $2.89. The company has a quick ratio of 1.17, a current ratio of 2.93 and a debt-to-equity ratio of 1.20. Holley has a 12-month low of $2.26 and a 12-month high of $4.58. The firm has a market cap of $288.11 million, a price-to-earnings ratio of 18.50 and a beta of 1.44.

Insider Buying and Selling

In other Holley news, Director David S. Lobel sold 1,743,356 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $3.00, for a total transaction of $5,230,068.00. Following the completion of the transaction, the director now owns 41,556,961 shares of the company’s stock, valued at approximately $124,670,883. This trade represents a 4.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.92% of the stock is owned by insiders.

Hedge Funds Weigh In On Holley

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its stake 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 valued at $48,000 after purchasing an additional 3,210 shares in the last quarter. Aigen Investment Management LP grew its holdings in shares of Holley by 22.1% during the fourth quarter. Aigen Investment Management LP now owns 18,693 shares of the company’s stock valued at $56,000 after buying an additional 3,389 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Holley by 39.8% during the fourth quarter. SG Americas Securities LLC now owns 24,590 shares of the company’s stock valued at $74,000 after buying an additional 7,002 shares during the last quarter. Zacks Investment Management grew its holdings 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 last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Holley during the fourth quarter valued at approximately $26,000. Institutional investors own 39.70% 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.