Harley-Davidson Inc (NYSE:HOG) declared a quarterly dividend on Tuesday, November 27th, RTT News reports. Shareholders of record on Friday, December 14th will be given a dividend of 0.37 per share on Friday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 13th.
Harley-Davidson has raised its dividend payment by an average of 9.9% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Harley-Davidson has a payout ratio of 38.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Harley-Davidson to earn $3.78 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 39.2%.
Harley-Davidson stock opened at $38.25 on Friday. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09. Harley-Davidson has a 52 week low of $35.76 and a 52 week high of $56.50.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, October 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.25. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a return on equity of 33.57% and a net margin of 9.30%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 earnings per share. Research analysts anticipate that Harley-Davidson will post 3.88 earnings per share for the current year.
HOG has been the subject of a number of recent research reports. DA Davidson restated a “sell” rating on shares of Harley-Davidson in a research report on Tuesday, August 14th. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Wolfe Research initiated coverage on Harley-Davidson in a research report on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 target price for the company. Wedbush dropped their target price on Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, October 4th. Finally, Zacks Investment Research downgraded Harley-Davidson from a “hold” rating to a “sell” rating in a research report on Tuesday, October 9th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $44.38.
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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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