Harley-Davidson Inc (HOG) Expected to Post Earnings of $0.87 Per Share

Equities research analysts expect Harley-Davidson Inc (NYSE:HOG) to report earnings per share (EPS) of $0.87 for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $0.68 and the highest is $1.03. Harley-Davidson posted earnings of $1.03 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 15.5%. The company is expected to report its next earnings report before the market opens on Tuesday, April 23rd.

According to Zacks, analysts expect that Harley-Davidson will report full year earnings of $3.49 per share for the current financial year, with EPS estimates ranging from $2.93 to $3.80. For the next financial year, analysts anticipate that the company will report earnings of $3.87 per share, with EPS estimates ranging from $3.52 to $4.12. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Harley-Davidson.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, January 29th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 30.76% and a net margin of 9.30%. The business’s revenue was up 91173.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS.

HOG has been the subject of several research reports. Zacks Investment Research upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday. KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a report on Friday, February 22nd. William Blair reissued a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday, January 29th. Robert W. Baird cut their price objective on Harley-Davidson from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Thursday, December 13th. Finally, Wells Fargo & Co dropped their target price on Harley-Davidson from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, December 18th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.38.

Hedge funds have recently made changes to their positions in the company. Sowell Financial Services LLC acquired a new stake in shares of Harley-Davidson during the 3rd quarter worth about $209,000. Franklin Resources Inc. raised its holdings in Harley-Davidson by 31.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,115 shares of the company’s stock worth $323,000 after buying an additional 1,700 shares during the period. Ford Financial Group Inc. acquired a new stake in Harley-Davidson during the 4th quarter worth approximately $272,000. Macquarie Group Ltd. raised its holdings in Harley-Davidson by 10.9% during the 3rd quarter. Macquarie Group Ltd. now owns 58,662 shares of the company’s stock worth $2,658,000 after buying an additional 5,758 shares during the period. Finally, AlphaCrest Capital Management LLC acquired a new stake in shares of Harley-Davidson in the fourth quarter valued at approximately $442,000. Institutional investors own 90.81% of the company’s stock.

Shares of Harley-Davidson stock traded up $1.10 on Thursday, hitting $39.06. The company’s stock had a trading volume of 4,058,707 shares, compared to its average volume of 2,321,437. The company has a quick ratio of 1.09, a current ratio of 1.25 and a debt-to-equity ratio of 2.76. Harley-Davidson has a 1 year low of $31.36 and a 1 year high of $46.79. The firm has a market cap of $6.03 billion, a PE ratio of 10.33, a P/E/G ratio of 1.34 and a beta of 1.14.

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were issued a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.37. This represents a $1.50 dividend on an annualized basis and a yield of 3.84%. Harley-Davidson’s dividend payout ratio is 39.68%.

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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