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

Holley (NYSE:HLLY) issued its quarterly earnings results on Tuesday. The company reported $0.11 EPS for the quarter, topping the consensus estimate 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

NYSE HLLY opened at $2.39 on Tuesday. The stock has a fifty day simple moving average of $2.90 and a 200-day simple moving average of $2.91. The company has a current ratio of 2.93, a quick ratio of 1.17 and a debt-to-equity ratio of 1.20. The stock has a market cap of $286.55 million, a PE ratio of 18.40 and a beta of 1.44. Holley has a twelve month low of $2.29 and a twelve month high of $4.58.

Insiders Place Their Bets

In related news, Director David S. Lobel sold 1,743,356 shares of the company’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 sale, the director now directly owns 41,556,961 shares of the company’s stock, valued at $124,670,883. This represents a 4.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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.