Holley (HLLY) Scheduled to Post Quarterly Earnings on Wednesday

Holley (NYSE:HLLY) will announce its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Holley Stock Performance

HLLY opened at $3.86 on Wednesday. The stock has a market capitalization of $459.94 million, a price-to-earnings ratio of 24.10 and a beta of 1.47. The company has a fifty day moving average of $3.60 and a 200 day moving average of $4.11. Holley has a fifty-two week low of $3.16 and a fifty-two week high of $8.06. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.04 and a current ratio of 2.85.

Analyst Ratings Changes

Several equities analysts recently weighed in on HLLY shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $6.50 target price on shares of Holley in a research note on Tuesday, June 4th. Canaccord Genuity Group reissued a “buy” rating and issued a $8.00 price objective on shares of Holley in a research note on Friday, June 21st. Finally, Benchmark reissued a “buy” rating and issued a $12.00 price objective on shares of Holley in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Holley currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.47.

Insiders Place Their Bets

In other news, Chairman Matthew E. Rubel bought 14,493 shares of the stock in a transaction dated Wednesday, June 12th. The stock was purchased at an average price of $3.39 per share, for a total transaction of $49,131.27. Following the acquisition, the chairman now owns 169,979 shares of the company’s stock, valued at $576,228.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.92% 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.