Equities analysts expect Harley-Davidson Inc (NYSE:HOG) to post $1.12 earnings per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at $1.01 and the highest estimate coming in at $1.33. Harley-Davidson posted earnings of $1.05 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The business is expected to announce its next quarterly earnings results on Tuesday, April 17th.
According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.75 per share for the current year, with EPS estimates ranging from $3.40 to $3.87. For the next year, analysts expect that the firm will post earnings of $4.14 per share, with EPS estimates ranging from $3.88 to $4.38. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.08. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. Harley-Davidson’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 EPS.
HOG has been the subject of a number of analyst reports. Goldman Sachs Group cut Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a report on Wednesday, January 3rd. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, February 2nd. Wedbush upped their price target on Harley-Davidson from $45.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. Stifel Nicolaus decreased their price target on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a report on Wednesday, January 31st. Finally, Wells Fargo & Co upgraded Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price target for the company in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.00.
In related news, VP Paul J. Jones sold 870 shares of the firm’s 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 in the company, valued at $161,860.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Tchernavia Rocker sold 1,401 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $47.74, for a total value of $66,883.74. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in HOG. Independent Franchise Partners LLP lifted its stake in Harley-Davidson by 53.3% during the third quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock worth $390,562,000 after purchasing an additional 2,815,749 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Harley-Davidson by 27.2% during the fourth quarter. Bank of New York Mellon Corp now owns 4,049,825 shares of the company’s stock worth $206,054,000 after purchasing an additional 866,348 shares during the last quarter. Kiltearn Partners LLP lifted its stake in Harley-Davidson by 14.1% during the fourth quarter. Kiltearn Partners LLP now owns 4,114,600 shares of the company’s stock worth $209,351,000 after purchasing an additional 508,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in Harley-Davidson by 31.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,000,400 shares of the company’s stock worth $96,439,000 after purchasing an additional 482,900 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in Harley-Davidson during the fourth quarter worth $19,538,000. Hedge funds and other institutional investors own 97.26% of the company’s stock.
Harley-Davidson (NYSE HOG) traded down $0.49 during midday trading on Friday, reaching $47.16. The company’s stock had a trading volume of 4,339,947 shares, compared to its average volume of 3,280,000. The stock has a market cap of $7,940.00, a PE ratio of 15.83, a PEG ratio of 1.57 and a beta of 0.84. Harley-Davidson has a 52-week low of $44.52 and a 52-week high of $63.40. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.06 and a current ratio of 1.23.
Harley-Davidson declared that its Board of Directors has initiated a stock buyback program on Monday, February 5th that permits the company to buyback 15,000,000 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th will be paid a dividend of $0.37 per share. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.48 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Tuesday, February 13th. Harley-Davidson’s dividend payout ratio is 49.66%.
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Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which 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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