Harley-Davidson (NYSE:HOG – Get Rating) will be issuing its quarterly earnings data before the market opens on Thursday, July 28th. Analysts expect the company to announce earnings of $1.25 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
Harley-Davidson (NYSE:HOG – Get Rating) last announced its earnings results on Wednesday, April 27th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.07). Harley-Davidson had a return on equity of 27.07% and a net margin of 11.78%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the firm earned $1.68 EPS. The company’s revenue for the quarter was up 5.1% 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 Up 2.3 %
Shares of HOG opened at $35.28 on Thursday. Harley-Davidson has a 52-week low of $29.80 and a 52-week high of $44.46. The company has a quick ratio of 1.12, a current ratio of 1.34 and a debt-to-equity ratio of 1.78. The firm’s fifty day moving average is $33.32 and its two-hundred day moving average is $36.65. The stock has a market cap of $5.20 billion, a PE ratio of 8.89, a price-to-earnings-growth ratio of 0.89 and a beta of 1.29.
Harley-Davidson Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd were issued a dividend of $0.157 per share. The ex-dividend date was Wednesday, June 1st. This represents a $0.63 annualized dividend and a dividend yield of 1.78%. Harley-Davidson’s dividend payout ratio is presently 15.87%.
Institutional Trading of Harley-Davidson
A number of institutional investors and hedge funds have recently bought and sold shares of HOG. Lazard Asset Management LLC purchased a new stake in Harley-Davidson during the first quarter worth about $31,000. Brown Brothers Harriman & Co. grew its position in shares of Harley-Davidson by 1,144.1% during the first quarter. Brown Brothers Harriman & Co. now owns 1,381 shares of the company’s stock worth $54,000 after buying an additional 1,270 shares in the last quarter. Covestor Ltd grew its position in shares of Harley-Davidson by 74.7% during the first quarter. Covestor Ltd now owns 1,660 shares of the company’s stock worth $65,000 after buying an additional 710 shares in the last quarter. Forum Financial Management LP acquired a new position in shares of Harley-Davidson during the first quarter worth about $202,000. Finally, Raymond James Trust N.A. acquired a new position in shares of Harley-Davidson during the first quarter worth about $219,000. 91.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on HOG shares. TheStreet upgraded Harley-Davidson from a “c+” rating to a “b” rating in a report on Wednesday, April 27th. Northcoast Research reiterated a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. Wolfe Research reiterated a “buy” rating and set a $45.00 price target on shares of Harley-Davidson in a report on Friday, May 20th. DA Davidson assumed coverage on shares of Harley-Davidson in a report on Thursday, June 30th. They issued a “neutral” rating and a $35.00 price objective on the stock. Finally, BMO Capital Markets reduced their price objective on shares of Harley-Davidson from $62.00 to $57.00 and set an “outperform” rating on the stock in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Harley-Davidson has an average rating of “Hold” and a consensus price target of $47.96.
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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