Harley-Davidson (NYSE:HOG) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect Harley-Davidson to post earnings of $0.91 per share for the quarter.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.08. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, analysts expect Harley-Davidson to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
HOG stock opened at $42.04 on Tuesday. Harley-Davidson has a fifty-two week low of $41.33 and a fifty-two week high of $60.18. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49. The firm has a market capitalization of $7,107.06, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 1.40 and a beta of 0.88.
Harley-Davidson declared that its board has authorized a share repurchase plan on Monday, February 5th that allows the company to repurchase 15,000,000 shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
A number of research firms recently weighed in on HOG. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Longbow Research lowered shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 3rd. Citigroup cut their target price on shares of Harley-Davidson from $57.00 to $55.00 and set a “buy” rating for the company in a report on Tuesday, February 6th. Finally, Stifel Nicolaus cut their target price on shares of Harley-Davidson from $49.00 to $45.00 and set a “hold” rating for the company in a report on Friday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.94.
In other Harley-Davidson news, VP Tchernavia Rocker sold 1,401 shares of Harley-Davidson stock in a transaction on Monday, February 12th. The shares were sold at an average price of $47.74, for a total transaction of $66,883.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul J. Jones sold 870 shares of Harley-Davidson stock in a transaction on Monday, February 5th. The stock was sold at an average price of $47.62, for a total transaction of $41,429.40. Following the transaction, the vice president now directly owns 3,399 shares of the company’s stock, valued at $161,860.38. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.
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Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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