Q1 2024 EPS Estimates for Harley-Davidson, Inc. Decreased by Zacks Research (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) – Analysts at Zacks Research decreased their Q1 2024 earnings per share (EPS) estimates for Harley-Davidson in a research report issued on Wednesday, April 17th. Zacks Research analyst L. Shahu now anticipates that the company will post earnings of $1.48 per share for the quarter, down from their previous estimate of $1.62. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.22 per share. Zacks Research also issued estimates for Harley-Davidson’s Q2 2024 earnings at $1.26 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $4.05 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $4.75 EPS and FY2026 earnings at $5.13 EPS.

Several other research firms also recently commented on HOG. Citigroup lifted their price objective on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. DA Davidson lifted their price objective on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. BMO Capital Markets raised their target price on Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. UBS Group raised their target price on 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 raised their target price on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research note 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.com, the company has a consensus rating of “Moderate Buy” and an average price target of $46.67.

Harley-Davidson Stock Down 2.3 %

HOG opened at $37.93 on Thursday. The company has a market cap of $5.10 billion, a P/E ratio of 7.87, a P/E/G ratio of 2.56 and a beta of 1.43. The business’s 50-day moving average price is $39.75 and its 200-day moving average price is $34.64. The company has a current ratio of 1.53, a quick ratio of 1.25 and a debt-to-equity ratio of 1.53. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.04 by $0.14. The firm had revenue of $791.65 million for the quarter, compared to the consensus estimate of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The company’s quarterly revenue was down 13.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share.

Institutional Trading of Harley-Davidson

Several large investors have recently bought and sold shares of the company. Prelude Capital Management LLC boosted its position in Harley-Davidson by 3.4% during the 3rd quarter. Prelude Capital Management LLC now owns 8,624 shares of the company’s stock valued at $301,000 after acquiring an additional 282 shares in the last quarter. US Bancorp DE boosted its position in shares of Harley-Davidson by 2.2% in the 4th quarter. US Bancorp DE now owns 16,023 shares of the company’s stock worth $590,000 after purchasing an additional 346 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Harley-Davidson by 22.3% in the 4th quarter. National Bank of Canada FI now owns 2,054 shares of the company’s stock worth $74,000 after purchasing an additional 374 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Harley-Davidson by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the company’s stock worth $1,286,000 after purchasing an additional 384 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Harley-Davidson by 95.0% in the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock worth $29,000 after purchasing an additional 384 shares in the last quarter. 85.10% of the stock is owned by institutional investors.

Harley-Davidson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 1.82%. This is a boost from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date was Friday, March 1st. Harley-Davidson’s payout ratio is presently 14.32%.

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.