Analysts expect Harley-Davidson Inc (NYSE:HOG) to report $1.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Harley-Davidson’s earnings. The highest EPS estimate is $1.33 and the lowest is $1.01. Harley-Davidson posted earnings per share of $1.05 during the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, April 17th.
On average, analysts expect that Harley-Davidson will report full year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.90. For the next financial year, analysts expect that the business will post earnings of $4.15 per share, with EPS estimates ranging from $3.88 to $4.38. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.08. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.01 billion. Harley-Davidson had a return on equity of 31.23% and a net margin of 10.62%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS.
Several analysts recently issued reports on HOG shares. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Tuesday, January 2nd. Citigroup reduced their price target on Harley-Davidson from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Goldman Sachs downgraded Harley-Davidson to a “hold” rating and set a $43.00 price target for the company. in a research note on Wednesday, January 3rd. ValuEngine downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus reduced their price target on Harley-Davidson from $54.00 to $49.00 and set a “hold” rating for the company in a research note on Wednesday, January 31st. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. Harley-Davidson currently has an average rating of “Hold” and an average target price of $52.00.
In other news, VP Paul J. Jones sold 870 shares of the business’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 completion of the transaction, the vice president now owns 3,399 shares of the company’s stock, valued at approximately $161,860.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Tchernavia Rocker sold 1,401 shares of the business’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. 0.70% of the stock is currently owned by insiders.
Several institutional investors have recently bought and sold shares of HOG. Bank of New York Mellon Corp raised its holdings in shares of Harley-Davidson by 27.2% during the 4th quarter. Bank of New York Mellon Corp now owns 4,049,825 shares of the company’s stock worth $206,054,000 after buying an additional 866,348 shares in the last quarter. Kiltearn Partners LLP increased its holdings in Harley-Davidson by 14.1% in the 4th 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 in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Harley-Davidson by 31.8% in the 3rd 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 in the last quarter. Armistice Capital LLC acquired a new position in Harley-Davidson in the 4th quarter worth about $19,538,000. Finally, Mackenzie Financial Corp increased its holdings in Harley-Davidson by 61.6% in the 4th quarter. Mackenzie Financial Corp now owns 928,623 shares of the company’s stock worth $47,248,000 after purchasing an additional 354,058 shares in the last quarter. 95.87% of the stock is owned by institutional investors.
Shares of HOG stock opened at $41.44 on Friday. The stock has a market capitalization of $7,095.27, a price-to-earnings ratio of 13.91, a P/E/G ratio of 1.40 and a beta of 0.86. Harley-Davidson has a one year low of $41.33 and a one year high of $62.95. The company has a quick ratio of 1.06, a current ratio of 1.23 and a debt-to-equity ratio of 2.49.
Harley-Davidson declared that its board has approved a share repurchase program on Monday, February 5th that allows the company to buyback 15,000,000 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 2nd. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.57%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.37. Harley-Davidson’s 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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