Wall Street analysts expect that Harley-Davidson Inc (NYSE:HOG) will announce earnings per share of $0.89 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Harley-Davidson’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $0.68. Harley-Davidson reported earnings of $1.03 per share during the same quarter last year, which indicates a negative year over year growth rate of 13.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 23rd.
On average, analysts expect that Harley-Davidson will report full year earnings of $3.50 per share for the current fiscal year, with EPS estimates ranging from $2.93 to $3.80. For the next financial year, analysts forecast that the business will report earnings of $3.87 per share, with EPS estimates ranging from $3.52 to $4.12. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Harley-Davidson.
Get Harley-Davidson alerts:Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, January 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.16). The firm had revenue of $955.63 billion for the quarter, compared to analyst estimates of $1.05 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. Harley-Davidson’s revenue for the quarter was up 91173.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS.
Several equities analysts have recently weighed in on HOG shares. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Monday, January 21st. ValuEngine cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. KeyCorp restated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 22nd. Robert W. Baird dropped their price target on shares of Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Thursday, December 13th. Finally, Wells Fargo & Co dropped their price target on shares of Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $44.00.
HOG stock traded down $0.53 during mid-day trading on Tuesday, hitting $36.81. 2,830,822 shares of the company were exchanged, compared to its average volume of 2,226,575. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 2.76. The company has a market capitalization of $6.13 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17. Harley-Davidson has a 1-year low of $31.36 and a 1-year high of $46.79.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 14th will be paid a $0.375 dividend. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, March 13th. This represents a $1.50 annualized dividend and a dividend yield of 4.07%. Harley-Davidson’s dividend payout ratio (DPR) is presently 39.15%.
Large investors have recently modified their holdings of the company. TD Capital Management LLC acquired a new position in shares of Harley-Davidson in the 4th quarter valued at approximately $25,000. PRW Wealth Management LLC bought a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $26,000. Signet Investment Advisory Group Inc. bought a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $29,000. Doyle Wealth Management bought a new stake in shares of Harley-Davidson during the 4th quarter worth approximately $34,000. Finally, Bruderman Asset Management LLC bought a new stake in Harley-Davidson in the 4th quarter valued at $37,000. Institutional investors own 91.57% of the company’s stock.
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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