Harley-Davidson (HOG) Set to Announce Quarterly Earnings on Thursday

Harley-Davidson (NYSE:HOG) is scheduled to release its earnings data before the market opens on Thursday, April 25th. Analysts expect Harley-Davidson to post earnings of $1.56 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s quarterly revenue was down 13.8% compared to the same quarter last year. On average, analysts expect Harley-Davidson to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Harley-Davidson Trading Down 2.3 %

HOG stock opened at $37.93 on Thursday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 7.87, a PEG ratio of 2.56 and a beta of 1.43. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.53 and a quick ratio of 1.25. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16. The business has a 50 day simple moving average of $39.75 and a two-hundred day simple moving average of $34.64.

Harley-Davidson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Monday, March 4th were given a dividend of $0.1725 per share. This is a positive change from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 1st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 1.82%. Harley-Davidson’s dividend payout ratio is currently 14.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. DA Davidson lifted their target price on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Citigroup increased their target price on Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research report on Tuesday, February 27th. BMO Capital Markets upped their price target on shares of Harley-Davidson from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. UBS Group lifted their price objective on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Bank of America upped their target price on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.67.

Institutional Investors Weigh In On Harley-Davidson

Several hedge funds and other institutional investors have recently made changes to their positions in HOG. Goldman Sachs Group Inc. boosted its stake in shares of Harley-Davidson by 27.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 241,985 shares of the company’s stock valued at $8,915,000 after purchasing an additional 52,446 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Harley-Davidson by 6.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 64,868 shares of the company’s stock valued at $2,390,000 after buying an additional 3,798 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Harley-Davidson by 1.0% in the fourth quarter. Public Employees Retirement System of Ohio now owns 53,871 shares of the company’s stock valued at $1,985,000 after purchasing an additional 508 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Harley-Davidson by 11.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 8,349 shares of the company’s stock worth $308,000 after purchasing an additional 860 shares during the period. Finally, Thunderbird Partners LLP increased its holdings in Harley-Davidson by 7.1% during the 4th quarter. Thunderbird Partners LLP now owns 91,005 shares of the company’s stock worth $3,353,000 after purchasing an additional 6,050 shares during the period. Hedge funds and other institutional investors own 85.10% of the company’s stock.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells motorcycles in the United States and internationally. The company operates in three segments: Harley-Davidson Motor Company, LiveWire, and Harley-Davidson Financial Services. The Harley-Davidson Motor Company segment designs, manufactures, and sells motorcycles, including cruiser, trike, touring, standard, sportbike, adventure, and dual sport, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.