Harley-Davidson, Inc. Expected to Earn Q2 2022 Earnings of $1.42 Per Share (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOGGet Rating) – Equities researchers at Northcoast Research issued their Q2 2022 earnings per share (EPS) estimates for Harley-Davidson in a report released on Tuesday, May 17th. Northcoast Research analyst R. Department anticipates that the company will earn $1.42 per share for the quarter. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Harley-Davidson’s FY2023 earnings at $4.60 EPS.

Harley-Davidson (NYSE:HOGGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $1.45 EPS for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.07). The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 earnings per share.

Other equities analysts also recently issued reports about the stock. Robert W. Baird cut their price target on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th. StockNews.com assumed coverage on shares of Harley-Davidson in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a report on Tuesday, April 12th. TheStreet raised Harley-Davidson from a “c+” rating to a “b” rating in a report on Wednesday, April 27th. Finally, Morgan Stanley upgraded Harley-Davidson from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $39.00 to $40.00 in a research note on Tuesday, February 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $49.95.

Shares of NYSE:HOG opened at $35.75 on Thursday. Harley-Davidson has a 1 year low of $32.13 and a 1 year high of $50.00. The company has a market capitalization of $5.27 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 0.92 and a beta of 1.30. The business has a fifty day moving average price of $38.26 and a two-hundred day moving average price of $38.12. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.34 and a quick ratio of 1.12.

A number of large investors have recently made changes to their positions in HOG. Point72 Hong Kong Ltd purchased a new position in shares of Harley-Davidson during the 1st quarter valued at $466,000. Prentice Capital Management LP boosted its stake in Harley-Davidson by 20.5% during the first quarter. Prentice Capital Management LP now owns 485,234 shares of the company’s stock valued at $19,118,000 after buying an additional 82,556 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Harley-Davidson during the first quarter worth about $317,000. Eaton Vance Management increased its stake in Harley-Davidson by 21.4% in the 1st quarter. Eaton Vance Management now owns 1,536,885 shares of the company’s stock worth $60,553,000 after acquiring an additional 270,398 shares during the last quarter. Finally, Ensign Peak Advisors Inc raised its holdings in shares of Harley-Davidson by 6.2% in the 1st quarter. Ensign Peak Advisors Inc now owns 47,470 shares of the company’s stock valued at $1,870,000 after acquiring an additional 2,790 shares in the last quarter. 91.69% of the stock is owned by hedge funds and other institutional investors.

In other Harley-Davidson news, CAO Mark R. Kornetzke sold 5,746 shares of Harley-Davidson stock in a transaction dated Tuesday, March 1st. The stock was sold at an average price of $40.09, for a total transaction of $230,357.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 17th. Investors of record on Thursday, June 2nd will be paid a dividend of $0.157 per share. The ex-dividend date is Wednesday, June 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.76%. Harley-Davidson’s payout ratio is 15.87%.

About Harley-Davidson (Get Rating)

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

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