Analysts forecast that Harley-Davidson, Inc. (NYSE:HOG – Get Rating) will announce earnings of $1.52 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $1.40 to $1.60. Harley-Davidson reported earnings per share of $1.68 in the same quarter last year, which suggests a negative year-over-year growth rate of 9.5%. The business is scheduled to announce its next quarterly earnings results before the market opens on Monday, January 1st.
On average, analysts expect that Harley-Davidson will report full year earnings of $4.28 per share for the current year, with EPS estimates ranging from $4.20 to $4.39. For the next fiscal year, analysts forecast that the company will report earnings of $4.60 per share, with EPS estimates ranging from $4.35 to $4.90. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG – Get Rating) last issued its earnings results on Tuesday, February 8th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.37) by $0.52. Harley-Davidson had a net margin of 12.66% and a return on equity of 30.27%. The business had revenue of $816.10 million during the quarter, compared to analysts’ expectations of $668.85 million. During the same period in the prior year, the business earned ($0.44) earnings per share. The company’s quarterly revenue was up 53.7% compared to the same quarter last year.
In other news, CAO Mark R. Kornetzke sold 5,746 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HOG. Allspring Global Investments Holdings LLC purchased a new position in Harley-Davidson in the fourth quarter worth approximately $27,000. Allegheny Financial Group LTD purchased a new position in Harley-Davidson in the fourth quarter worth approximately $27,000. Farmers & Merchants Investments Inc. purchased a new position in Harley-Davidson in the fourth quarter worth approximately $31,000. Future Financial Wealth Managment LLC purchased a new position in Harley-Davidson in the fourth quarter worth approximately $32,000. Finally, Spire Wealth Management lifted its stake in Harley-Davidson by 89.4% in the fourth quarter. Spire Wealth Management now owns 945 shares of the company’s stock worth $36,000 after acquiring an additional 446 shares during the last quarter. 90.17% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson stock remained flat at $$38.20 during midday trading on Monday. 1,035,727 shares of the company traded hands, compared to its average volume of 1,597,901. Harley-Davidson has a 52-week low of $32.13 and a 52-week high of $52.06. The firm has a market cap of $5.80 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34. The stock’s fifty day moving average price is $39.60 and its 200-day moving average price is $37.96. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.36 and a quick ratio of 1.15.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, February 28th were paid a $0.1575 dividend. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 25th. This represents a $0.63 annualized dividend and a dividend yield of 1.65%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.00%.
About Harley-Davidson (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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