Analysts expect Harley-Davidson Inc (NYSE:HOG) to post $0.47 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at $0.42 and the highest estimate coming in at $0.55. Harley-Davidson reported earnings of $0.40 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.5%. The company is expected to issue its next earnings results before the market opens on Tuesday, October 23rd.
According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.26 per share for the current fiscal year, with EPS estimates ranging from $3.14 to $3.35. For the next financial year, analysts expect that the business will post earnings of $3.55 per share, with EPS estimates ranging from $3.37 to $3.71. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.11. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.43 billion. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 EPS.
HOG has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. ValuEngine upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Stifel Nicolaus increased their price objective on shares of Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, July 25th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a report on Tuesday, August 14th. Finally, Morgan Stanley cut their price objective on shares of Harley-Davidson from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Friday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.45.
NYSE:HOG opened at $40.36 on Tuesday. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.35 and a beta of 0.93. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.21 and a current ratio of 1.35. Harley-Davidson has a 12-month low of $39.34 and a 12-month high of $56.50.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.48 annualized dividend and a dividend yield of 3.67%. Harley-Davidson’s payout ratio is currently 42.29%.
In related news, Director Jochen Zeitz sold 1,598 shares of the stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John A. Olin sold 12,587 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the sale, the chief financial officer now directly owns 55,016 shares of the company’s stock, valued at approximately $2,392,095.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,225 shares of company stock worth $2,221,739. Insiders own 0.58% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Jupiter Asset Management Ltd. acquired a new stake in Harley-Davidson during the 2nd quarter worth approximately $25,227,000. Brown Advisory Inc. increased its position in Harley-Davidson by 24.0% during the 2nd quarter. Brown Advisory Inc. now owns 209,930 shares of the company’s stock worth $8,834,000 after purchasing an additional 40,686 shares in the last quarter. Marshall Wace LLP acquired a new stake in Harley-Davidson during the 2nd quarter worth approximately $13,555,000. LSV Asset Management increased its position in Harley-Davidson by 2.9% during the 2nd quarter. LSV Asset Management now owns 4,011,589 shares of the company’s stock worth $168,807,000 after purchasing an additional 114,357 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in Harley-Davidson by 44.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 345,293 shares of the company’s stock worth $14,530,000 after purchasing an additional 106,848 shares in the last quarter. 85.87% of the stock is owned by hedge funds and other institutional investors.
Harley-Davidson Company Profile
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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