Brokerages predict that Harley-Davidson Inc (NYSE:HOG) will report $0.21 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Harley-Davidson’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.10. Harley-Davidson reported earnings per share of $0.54 during the same quarter last year, which would indicate a negative year over year growth rate of 61.1%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, January 29th.
On average, analysts expect that Harley-Davidson will report full year earnings of $3.36 per share for the current year, with EPS estimates ranging from $3.26 to $3.57. For the next fiscal year, analysts anticipate that the company will post earnings of $3.60 per share, with EPS estimates ranging from $3.16 to $4.23. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.25. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.40 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year.
A number of equities research analysts have issued reports on HOG shares. Argus reduced their price objective on shares of Harley-Davidson from $50.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 24th. ValuEngine raised shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. BMO Capital Markets reduced their price objective on shares of Harley-Davidson from $45.00 to $42.00 and set a “market perform” rating for the company in a research report on Thursday, October 25th. Citigroup dropped their target price on shares of Harley-Davidson from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, October 30th. Finally, Barclays dropped their target price on shares of Harley-Davidson from $36.00 to $35.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.38.
HOG stock traded down $1.20 during trading on Monday, reaching $38.25. The stock had a trading volume of 2,973,579 shares, compared to its average volume of 2,227,279. Harley-Davidson has a one year low of $35.76 and a one year high of $56.50. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.95 and a current ratio of 1.08. The company has a market capitalization of $6.42 billion, a price-to-earnings ratio of 10.93, a PEG ratio of 1.27 and a beta of 1.09.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th. Harley-Davidson’s payout ratio is 42.29%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CSat Investment Advisory L.P. purchased a new position in Harley-Davidson in the second quarter valued at about $132,000. Comerica Securities Inc. purchased a new position in Harley-Davidson in the third quarter valued at about $202,000. IFG Advisory LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at approximately $206,000. Folger Nolan Fleming Douglas Capital Management Inc. purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at approximately $208,000. Finally, Sowell Financial Services LLC purchased a new stake in shares of Harley-Davidson during the 3rd quarter valued at approximately $209,000. Hedge funds and other institutional investors own 88.35% of the company’s stock.
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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