$1.39 EPS Expected for Harley-Davidson, Inc. (HOG) This Quarter
Brokerages expect Harley-Davidson, Inc. (NYSE:HOG) to report earnings per share (EPS) of $1.39 for the current fiscal quarter, according to Zacks. Ten analysts have provided estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $1.29 and the highest is $1.54. Harley-Davidson reported earnings per share of $1.55 in the same quarter last year, which indicates a negative year-over-year growth rate of 10.3%. The business is scheduled to report its next quarterly earnings results on Thursday, July 27th.
On average, analysts expect that Harley-Davidson will report full-year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.69 to $3.95. For the next fiscal year, analysts expect that the company will report earnings of $4.13 per share, with EPS estimates ranging from $3.95 to $4.39. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.36 EPS.
Several brokerages recently commented on HOG. UBS AG reaffirmed a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a report on Monday, April 17th. Barclays PLC reaffirmed an “equal weight” rating and issued a $52.00 price objective (down previously from $53.00) on shares of Harley-Davidson in a report on Friday, April 21st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush boosted their price target on Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $49.00 price target on shares of Harley-Davidson in a report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $56.59.
Several large investors have recently bought and sold shares of HOG. Independent Advisor Alliance increased its stake in Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock worth $200,000 after buying an additional 2,772 shares in the last quarter. Wayne Hummer Investments L.L.C. purchased a new stake in Harley-Davidson during the first quarter worth approximately $200,000. Stokes & Hubbell Capital Management LLC purchased a new stake in Harley-Davidson during the first quarter worth approximately $201,000. Putnam Investments LLC purchased a new stake in Harley-Davidson during the fourth quarter worth approximately $204,000. Finally, Appleton Group LLC purchased a new stake in Harley-Davidson during the first quarter worth approximately $210,000. Institutional investors own 86.98% of the company’s stock.
Harley-Davidson (NYSE HOG) traded up 1.07% on Friday, hitting $55.48. The stock had a trading volume of 2,282,664 shares. Harley-Davidson has a 52 week low of $41.63 and a 52 week high of $63.40. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 15.82 and a beta of 0.81. The firm has a 50-day moving average of $54.11 and a 200 day moving average of $57.80.
The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Thursday, May 25th were given a $0.365 dividend. The ex-dividend date of this dividend was Tuesday, May 23rd. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.66%. Harley-Davidson’s dividend payout ratio is currently 41.60%.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which 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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