Harley-Davidson Inc. (NYSE:HOG) is set to announce its earnings results on Tuesday, October 18th. Investors interested in listening to the company’s conference call can do so using this link.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. The business earned $1.86 billion during the quarter, compared to analyst estimates of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.44 earnings per share. On average, analysts expect Harley-Davidson to post $3.87 EPS for the current fiscal year and $4.14 EPS for the next fiscal year.
Shares of Harley-Davidson Inc. (NYSE:HOG) opened at 49.83 on Monday. The stock has a market capitalization of $9.00 billion, a price-to-earnings ratio of 13.26 and a beta of 1.05. The stock has a 50 day moving average price of $51.61 and a 200-day moving average price of $49.01. Harley-Davidson Inc. has a 52-week low of $36.36 and a 52-week high of $57.33.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Harley-Davidson’s payout ratio is 36.65%.
A number of research firms have recently issued reports on HOG. Stifel Nicolaus reiterated a “hold” rating and set a $50.00 price target on shares of Harley-Davidson in a research report on Friday. Wedbush reiterated a “hold” rating on shares of Harley-Davidson in a research report on Saturday, September 17th. Barclays PLC cut shares of Harley-Davidson from an “equal weight” rating to an “underperform” rating and dropped their price objective for the stock from $49.00 to $45.00 in a research note on Friday, July 29th. RBC Capital Markets reissued an “underperform” rating and set a $43.00 price objective on shares of Harley-Davidson in a research note on Friday, July 29th. Finally, UBS AG reissued a “hold” rating on shares of Harley-Davidson in a research note on Friday. Five equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have issued a buy rating to the company’s stock. Harley-Davidson currently has an average rating of “Hold” and an average price target of $51.16.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the transaction, the insider now owns 16,922 shares in the company, valued at approximately $900,758.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction on Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of HOG. Massachusetts Financial Services Co. MA raised its position in shares of Harley-Davidson by 46.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 11,702,359 shares of the company’s stock worth $530,116,000 after buying an additional 3,703,199 shares in the last quarter. WBI Investments Inc. bought a new stake in Harley-Davidson during the second quarter valued at $68,063,000. Lord Abbett & CO. LLC bought a new stake in Harley-Davidson during the second quarter valued at $24,267,000. Van ECK Associates Corp bought a new stake in Harley-Davidson during the second quarter valued at $17,520,000. Finally, State Street Corp increased its stake in Harley-Davidson by 2.9% in the second quarter. State Street Corp now owns 8,274,099 shares of the company’s stock valued at $374,834,000 after buying an additional 236,451 shares during the last quarter. Hedge funds and other institutional investors own 94.90% of the company’s stock.
Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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