Harley-Davidson (NYSE:HOG) Posts Earnings Results, Beats Expectations By $0.12 EPS

Harley-Davidson (NYSE:HOG) released its quarterly earnings data on Tuesday, April 23rd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.12, MarketWatch Earnings reports. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.21 billion. Harley-Davidson had a net margin of 8.72% and a return on equity of 28.82%. Harley-Davidson’s revenue was down 10.1% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS.

Shares of NYSE HOG traded down $0.54 during trading on Friday, reaching $34.56. 1,144,922 shares of the company traded hands, compared to its average volume of 2,240,619. The company has a quick ratio of 1.05, a current ratio of 1.22 and a debt-to-equity ratio of 2.66. The company has a market cap of $5.56 billion, a PE ratio of 9.14, a PEG ratio of 1.19 and a beta of 1.15. Harley-Davidson has a 52-week low of $31.36 and a 52-week high of $46.79.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Thursday, May 30th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, May 29th. Harley-Davidson’s payout ratio is presently 39.68%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. TD Capital Management LLC purchased a new position in Harley-Davidson during the fourth quarter valued at approximately $25,000. Icon Wealth Partners LLC purchased a new position in Harley-Davidson during the first quarter valued at approximately $27,000. PRW Wealth Management LLC purchased a new position in Harley-Davidson during the fourth quarter valued at approximately $26,000. Signet Investment Advisory Group Inc. purchased a new position in Harley-Davidson during the fourth quarter valued at approximately $29,000. Finally, Machina Capital S.A.S. bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $31,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have weighed in on the stock. Zacks Investment Research lowered shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Northcoast Research restated a “neutral” rating on shares of Harley-Davidson in a research note on Thursday, April 4th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Monday, February 4th. William Blair restated a “market perform” rating on shares of Harley-Davidson in a research note on Tuesday, January 29th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and set a $34.00 price target (down previously from $37.00) on shares of Harley-Davidson in a report on Wednesday, April 24th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $42.08.

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About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Earnings History for Harley-Davidson (NYSE:HOG)

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