Harley-Davidson (HOG) Expected to Announce Earnings on Thursday

Harley-Davidson (NYSE:HOG) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $0.90 per share and revenue of $1.12 billion for the quarter.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Wednesday, February 5th. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28). Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the prior year, the company posted $0.18 EPS. On average, analysts expect Harley-Davidson to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Harley-Davidson Stock Performance

HOG stock opened at $21.87 on Thursday. The stock’s 50 day simple moving average is $24.87 and its 200 day simple moving average is $29.39. The company has a current ratio of 1.40, a quick ratio of 1.19 and a debt-to-equity ratio of 1.41. Harley-Davidson has a 12-month low of $20.45 and a 12-month high of $40.14. The stock has a market capitalization of $2.71 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 0.38 and a beta of 1.28.

Harley-Davidson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.18 per share. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, February 28th. Harley-Davidson’s dividend payout ratio is presently 21.62%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HOG shares. DA Davidson reissued a “buy” rating and issued a $31.00 target price on shares of Harley-Davidson in a research report on Wednesday, April 9th. Citigroup decreased their price objective on shares of Harley-Davidson from $29.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 2nd. Morgan Stanley dropped their target price on shares of Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. UBS Group decreased their target price on shares of Harley-Davidson from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, February 20th. Finally, Robert W. Baird dropped their price target on Harley-Davidson from $32.00 to $26.00 and set a “neutral” rating on the stock in a research note on Friday, April 4th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $32.00.

Insider Activity

In other Harley-Davidson news, insider Luke Christopher Mansfield sold 3,400 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $25.96, for a total value of $88,264.00. Following the completion of the transaction, the insider now directly owns 23,555 shares in the company, valued at $611,487.80. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.93% of the company’s stock.

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.