Harley-Davidson, Inc. (NYSE:HOG) Expected to Announce Earnings of $1.44 Per Share

Wall Street brokerages forecast that Harley-Davidson, Inc. (NYSE:HOG – Get Rating) will announce earnings per share of $1.44 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Harley-Davidson’s earnings. The highest EPS estimate is $1.52 and the lowest is $1.36. Harley-Davidson reported earnings per share of $1.33 during the same quarter last year, which indicates a positive year over year growth rate of 8.3%. The company is scheduled to report its next earnings report 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 financial year, analysts expect that the firm will report earnings of $4.64 per share, with EPS estimates ranging from $4.50 to $4.90. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Harley-Davidson.

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

A number of brokerages have weighed in on HOG. StockNews.com began coverage on shares of Harley-Davidson in a research note on Thursday, March 31st. They set a “hold” rating for the company. Wolfe Research reaffirmed a “buy” rating and set a $45.00 target price on shares of Harley-Davidson in a research note on Friday. TheStreet raised shares of Harley-Davidson from a “c+” rating to a “b” rating in a research note on Wednesday, April 27th. BMO Capital Markets decreased their target price on shares of Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating for the company in a research note on Thursday, April 28th. Finally, Robert W. Baird decreased their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating for the company in a research note on Thursday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.46.

Shares of HOG opened at $32.34 on Monday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.34 and a quick ratio of 1.12. Harley-Davidson has a one year low of $31.12 and a one year high of $50.00. The company has a 50-day simple moving average of $37.97 and a two-hundred day simple moving average of $38.00. The firm has a market capitalization of $4.77 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd will be issued a $0.157 dividend. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $0.63 dividend on an annualized basis and a dividend yield of 1.94%. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.87%.

In related 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 transaction of $230,357.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HOG. Brahman Capital Corp. lifted its position in shares of Harley-Davidson by 9.4% in the 3rd quarter. Brahman Capital Corp. now owns 2,158,660 shares of the company’s stock worth $79,029,000 after purchasing an additional 185,771 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Harley-Davidson by 14.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 43,186 shares of the company’s stock worth $1,627,000 after acquiring an additional 5,492 shares during the period. Citigroup Inc. increased its stake in shares of Harley-Davidson by 54.8% in the fourth quarter. Citigroup Inc. now owns 205,518 shares of the company’s stock worth $7,747,000 after acquiring an additional 72,790 shares during the period. Mcdonald Partners LLC increased its stake in shares of Harley-Davidson by 7.7% in the third quarter. Mcdonald Partners LLC now owns 25,218 shares of the company’s stock worth $923,000 after acquiring an additional 1,800 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Harley-Davidson by 2.6% in the fourth quarter. Rhumbline Advisers now owns 419,221 shares of the company’s stock worth $15,800,000 after acquiring an additional 10,791 shares during the period. 91.69% of the stock is owned by institutional investors.

Harley-Davidson Company Profile (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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