Harley-Davidson (HOG) Expected to Post Earnings of $1.40 Per Share

Brokerages expect that Harley-Davidson (NYSE:HOG) will announce $1.40 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $1.11 to $1.62. Harley-Davidson reported earnings of $1.48 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.4%. The firm is expected to announce its next earnings results on Tuesday, July 17th.

According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.24 to $3.49. For the next fiscal year, analysts forecast that the business will report earnings of $3.97 per share, with EPS estimates ranging from $3.81 to $4.05. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Harley-Davidson.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 24th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.16. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.24 billion. Harley-Davidson had a net margin of 10.31% and a return on equity of 32.45%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.05 EPS.

Several research analysts have weighed in on HOG shares. Wedbush set a $44.00 price objective on shares of Harley-Davidson and gave the stock a “hold” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. Goldman Sachs decreased their price objective on shares of Harley-Davidson from $47.00 to $45.00 and set a “hold” rating for the company in a report on Tuesday, April 17th. ValuEngine lowered shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, Wells Fargo raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and set a $59.00 price objective for the company in a report on Monday, January 22nd. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $50.75.

Shares of Harley-Davidson opened at $42.50 on Monday, MarketBeat Ratings reports. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.38 and a beta of 0.89. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 2.06. Harley-Davidson has a 1-year low of $39.34 and a 1-year high of $56.95.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be given a $0.37 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.48%. Harley-Davidson’s payout ratio is currently 42.29%.

Harley-Davidson declared that its board has initiated a share buyback program on Monday, February 5th that allows the company to repurchase 15,000,000 outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

A number of large investors have recently modified their holdings of HOG. Nisa Investment Advisors LLC lifted its position in Harley-Davidson by 3.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 110,661 shares of the company’s stock valued at $5,630,000 after purchasing an additional 3,400 shares during the last quarter. Bank of Montreal Can lifted its position in Harley-Davidson by 17.6% in the 4th quarter. Bank of Montreal Can now owns 85,556 shares of the company’s stock valued at $4,353,000 after purchasing an additional 12,807 shares during the last quarter. Marathon Asset Management LLP lifted its position in Harley-Davidson by 1.6% in the 4th quarter. Marathon Asset Management LLP now owns 1,060,408 shares of the company’s stock valued at $53,954,000 after purchasing an additional 17,034 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Harley-Davidson by 4.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,178,128 shares of the company’s stock valued at $59,944,000 after purchasing an additional 48,390 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in Harley-Davidson by 10.8% in the 4th quarter. State of Alaska Department of Revenue now owns 39,661 shares of the company’s stock valued at $2,016,000 after purchasing an additional 3,864 shares during the last quarter. Hedge funds and other institutional investors own 95.87% 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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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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