Brokerages Expect Harley-Davidson, Inc. (HOG) to Post $0.42 EPS
Equities research analysts expect that Harley-Davidson, Inc. (NYSE:HOG) will post earnings per share of $0.42 for the current quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $0.34 to $0.52. Harley-Davidson posted earnings of $0.64 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 34.4%. The company is expected to report its next quarterly earnings results on Tuesday, October 17th.
According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.41 per share for the current year, with EPS estimates ranging from $3.35 to $3.50. For the next financial year, analysts anticipate that the company will report earnings of $3.75 per share, with EPS estimates ranging from $3.54 to $3.94. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.10. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 EPS.
Several analysts have recently commented on HOG shares. BidaskClub upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. ValuEngine upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Friday, July 21st. BMO Capital Markets restated a “buy” rating and set a $56.00 price objective on shares of Harley-Davidson in a research report on Friday. Finally, Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have assigned a buy rating to the stock. Harley-Davidson has an average rating of “Hold” and a consensus price target of $54.50.
Harley-Davidson (HOG) traded up 0.92% on Friday, hitting $47.38. 1,131,883 shares of the stock were exchanged. The company has a 50-day moving average of $47.70 and a 200 day moving average of $54.08. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40. The firm has a market cap of $8.26 billion, a P/E ratio of 13.87 and a beta of 0.86.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th will be paid a $0.365 dividend. The ex-dividend date is Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.08%. Harley-Davidson’s payout ratio is currently 42.44%.
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In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of Harley-Davidson stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.
Several large investors have recently modified their holdings of HOG. Nationwide Fund Advisors grew its stake in shares of Harley-Davidson by 1.9% in the 1st quarter. Nationwide Fund Advisors now owns 49,829 shares of the company’s stock worth $3,015,000 after buying an additional 923 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Harley-Davidson by 147.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,355 shares of the company’s stock worth $566,000 after buying an additional 5,569 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its stake in shares of Harley-Davidson by 14.5% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,167 shares of the company’s stock worth $917,000 after buying an additional 1,921 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Harley-Davidson by 13.7% in the 1st quarter. First Trust Advisors LP now owns 177,209 shares of the company’s stock worth $10,721,000 after buying an additional 21,389 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Harley-Davidson by 425.6% in the 1st quarter. Advisors Asset Management Inc. now owns 15,731 shares of the company’s stock worth $952,000 after buying an additional 12,738 shares in the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.
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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