Harley-Davidson (NYSE:HOG) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 23rd. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 24th. The company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.43 billion. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 earnings per share. On average, analysts expect Harley-Davidson to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of Harley-Davidson stock opened at $39.57 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 2.25. The company has a market cap of $6.72 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 1.30 and a beta of 0.93. Harley-Davidson has a 52 week low of $38.74 and a 52 week high of $56.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.48 dividend on an annualized basis and a yield of 3.74%. Harley-Davidson’s dividend payout ratio (DPR) is 42.29%.
In other news, CFO John A. Olin sold 12,587 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total value of $547,282.76. Following the sale, the chief financial officer now directly owns 55,016 shares of the company’s stock, valued at $2,392,095.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Lawrence G. Hund sold 37,040 shares of the stock in a transaction on Friday, August 10th. The stock was sold at an average price of $43.33, for a total value of $1,604,943.20. Following the completion of the sale, the insider now directly owns 29,715 shares in the company, valued at $1,287,550.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,225 shares of company stock worth $2,221,739. Insiders own 0.58% of the company’s stock.
A number of research firms have issued reports on HOG. Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada decreased their price objective on Harley-Davidson to $40.00 and set a “market perform” rating for the company in a report on Tuesday, June 26th. Goldman Sachs Group set a $45.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a report on Tuesday, October 16th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $45.00 price objective (down previously from $52.00) on shares of Harley-Davidson in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Harley-Davidson presently has a consensus rating of “Hold” and a consensus price target of $47.25.
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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