Q4 EPS Estimates for Holley Reduced by Telsey Advisory Group

Holley Inc. (NYSE:HLLY) – Equities researchers at Telsey Advisory Group decreased their Q4 2024 earnings estimates for Holley in a research report issued to clients and investors on Monday, November 11th. Telsey Advisory Group analyst J. Feldman now forecasts that the company will post earnings of $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 posted its earnings results on Friday, November 8th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The business had revenue of $134.00 million during the quarter, compared to the consensus estimate of $142.53 million. Holley had a return on equity of 3.51% and a net margin of 3.56%. The business’s quarterly revenue was down 14.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 earnings per share.

A number of other analysts have also recently commented on the stock. Truist Financial lowered their target price 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. Raymond James decreased 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 reduced 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. Finally, Benchmark restated a “buy” rating and set a $12.00 target price on shares of Holley in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.39.

Holley Price Performance

NYSE HLLY opened at $2.86 on Tuesday. The firm’s 50 day moving average price is $2.93 and its 200-day moving average price is $3.35. Holley has a 52-week low of $2.29 and a 52-week high of $5.23. 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 company has a market cap of $342.57 million, a PE ratio of 22.00 and a beta of 1.45.

Hedge Funds Weigh In On Holley

Several large investors have recently modified their holdings of the stock. Norden Group LLC grew its holdings in Holley by 28.8% during the first quarter. Norden Group LLC now owns 43,694 shares of the company’s stock worth $195,000 after acquiring an additional 9,781 shares during the period. Sei Investments Co. increased its position in Holley by 1.3% during the first quarter. Sei Investments Co. now owns 403,759 shares of the company’s stock worth $1,801,000 after buying an additional 5,000 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Holley during the 1st quarter valued at about $43,000. Allspring Global Investments Holdings LLC raised its position in shares of Holley by 129.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,590,816 shares of the company’s stock valued at $34,335,000 after purchasing an additional 5,409,997 shares during the period. Finally, Skylands Capital LLC lifted its position in Holley by 37.6% during 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. 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.