Analysts expect Harley-Davidson, Inc. (NYSE:HOG – Get Rating) to post $1.34 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Harley-Davidson’s earnings. The highest sales estimate is $1.35 billion and the lowest is $1.31 billion. Harley-Davidson posted sales of $1.23 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.9%. The business is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $4.91 billion for the current financial year, with estimates ranging from $4.88 billion to $4.94 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.15 billion, with estimates ranging from $5.12 billion to $5.18 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG – Get Rating) last released its quarterly earnings data on Tuesday, February 8th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.52. The business had revenue of $816.10 million during the quarter, compared to the consensus estimate of $668.85 million. Harley-Davidson had a return on equity of 30.27% and a net margin of 12.66%. The business’s revenue for the quarter was up 53.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.44) EPS.
In other Harley-Davidson news, CAO Mark R. Kornetzke sold 5,746 shares of the company’s stock in a transaction dated Tuesday, March 1st. The shares were sold at an average price of $40.09, for a total value of $230,357.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.
A number of large investors have recently bought and sold shares of HOG. H Partners Management LLC lifted its position in shares of Harley-Davidson by 33.3% during the third quarter. H Partners Management LLC now owns 11,200,000 shares of the company’s stock worth $410,032,000 after purchasing an additional 2,800,000 shares during the last quarter. Norges Bank bought a new position in shares of Harley-Davidson during the fourth quarter worth about $44,101,000. Boston Partners lifted its position in shares of Harley-Davidson by 7.0% during the third quarter. Boston Partners now owns 13,682,239 shares of the company’s stock worth $500,854,000 after purchasing an additional 901,026 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Harley-Davidson by 128.4% during the fourth quarter. Brown Advisory Inc. now owns 1,525,270 shares of the company’s stock worth $57,487,000 after purchasing an additional 857,340 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Harley-Davidson by 221.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,138,396 shares of the company’s stock worth $42,905,000 after purchasing an additional 784,439 shares during the last quarter. 90.17% of the stock is owned by institutional investors.
Shares of HOG stock remained flat at $$38.20 on Wednesday. The stock had a trading volume of 1,035,727 shares, compared to its average volume of 1,597,901. The stock has a market cap of $5.80 billion, a PE ratio of 9.10, a P/E/G ratio of 1.08 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.15 and a debt-to-equity ratio of 1.80. The stock’s fifty day moving average price is $39.60 and its 200 day moving average price is $37.96. Harley-Davidson has a 1-year low of $32.13 and a 1-year high of $52.06.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Monday, February 28th were given a $0.1575 dividend. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.15. This represents a $0.63 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Friday, February 25th. Harley-Davidson’s dividend payout ratio is presently 15.00%.
Harley-Davidson Company Profile (Get Rating)
Harley-Davidson, Inc is engaged in the manufacture and sale of custom, cruiser, and touring motorcycles. It operates through the following segments: Motorcycles & Related Products and Financial Services. The Motorcycles & Related Products segment manufactures, designs, and sells at wholesale on-road Harley-Davidson motorcycles as well as motorcycle parts, accessories, general merchandise, and related services.
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