Equities research analysts expect Harley-Davidson (NYSE:HOG) to announce earnings per share (EPS) of $1.40 for the current quarter, Zacks reports. Nine analysts have made estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at $1.11 and the highest estimate coming in at $1.62. Harley-Davidson posted earnings per share of $1.48 during the same quarter last year, which suggests a negative year over year growth rate of 5.4%. The business is scheduled to announce its next earnings results on Tuesday, July 17th.
On average, analysts expect that Harley-Davidson will report full-year earnings of $3.34 per share for the current fiscal year, with EPS estimates ranging from $3.24 to $3.49. For the next year, analysts anticipate that the business will post earnings of $3.97 per share, with EPS estimates ranging from $3.81 to $4.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.16. Harley-Davidson had a net margin of 10.31% and a return on equity of 32.45%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year.
Several equities analysts have recently issued reports on HOG shares. Zacks Investment Research upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 price objective on the stock in a report on Friday, February 2nd. Stifel Nicolaus cut their price objective on shares of Harley-Davidson from $54.00 to $49.00 and set a “hold” rating on the stock in a report on Wednesday, January 31st. Wells Fargo cut their price objective on shares of Harley-Davidson from $59.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, February 1st. Wedbush set a $44.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a report on Wednesday, April 11th. Finally, Goldman Sachs cut their price target on shares of Harley-Davidson from $47.00 to $45.00 and set a “hold” rating on the stock in a report on Tuesday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $50.75.
A number of institutional investors have recently added to or reduced their stakes in HOG. W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in Harley-Davidson in the 1st quarter worth approximately $103,000. Ballew Advisors Inc purchased a new stake in Harley-Davidson in the 1st quarter worth approximately $134,000. Rampart Investment Management Company LLC boosted its position in Harley-Davidson by 114.0% in the 1st quarter. Rampart Investment Management Company LLC now owns 4,932 shares of the company’s stock worth $211,000 after purchasing an additional 2,627 shares in the last quarter. IFG Advisory LLC purchased a new stake in Harley-Davidson in the 4th quarter worth approximately $239,000. Finally, Dynamic Capital Management Ltd purchased a new stake in Harley-Davidson in the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 95.87% of the company’s stock.
Shares of Harley-Davidson traded up $0.11, hitting $40.88, during mid-day trading on Monday, according to Marketbeat.com. 1,609,478 shares of the company traded hands, compared to its average volume of 2,780,753. Harley-Davidson has a 1-year low of $40.67 and a 1-year high of $41.11. The company has a quick ratio of 0.96, a current ratio of 1.11 and a debt-to-equity ratio of 2.06. The company has a market cap of $6.79 billion, a P/E ratio of 11.68, a price-to-earnings-growth ratio of 1.33 and a beta of 0.89.
Harley-Davidson announced that its board has approved a stock buyback program on Monday, February 5th that authorizes the company to repurchase 15,000,000 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders 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 annualized dividend and a yield of 3.62%. Harley-Davidson’s dividend payout ratio is presently 42.29%.
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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