Harley-Davidson, Inc. (NYSE:HOG) to Post Q1 2024 Earnings of $1.48 Per Share, Zacks Research Forecasts

Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at Zacks Research reduced their Q1 2024 earnings per share estimates for shares of Harley-Davidson in a report issued on Wednesday, April 17th. Zacks Research analyst L. Shahu now expects that the company will earn $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.

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

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

Harley-Davidson Stock Down 0.3 %

Shares of NYSE HOG opened at $37.82 on Thursday. Harley-Davidson has a 52 week low of $25.43 and a 52 week high of $44.16. The business has a 50-day simple moving average of $39.81 and a two-hundred day simple moving average of $34.66. The company has a quick ratio of 1.25, a current ratio of 1.53 and a debt-to-equity ratio of 1.53. The company has a market cap of $5.09 billion, a P/E ratio of 7.85, a P/E/G ratio of 2.54 and a beta of 1.43.

Institutional Investors Weigh In On Harley-Davidson

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Harley-Davidson by 95.0% during the fourth quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at approximately $39,000. BKM Wealth Management LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $36,000. Finally, Principal Securities Inc. bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $38,000. 85.10% of the stock is currently owned by institutional investors.

Harley-Davidson Increases Dividend

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

Harley-Davidson Company Profile

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.