Zacks: Analysts Expect Harley-Davidson Inc (HOG) to Announce $0.21 EPS

Wall Street brokerages forecast that Harley-Davidson Inc (NYSE:HOG) will post $0.21 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Harley-Davidson’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.10. Harley-Davidson reported earnings per share of $0.54 during the same quarter last year, which suggests a negative year-over-year growth rate of 61.1%. The company is scheduled to issue its next earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.26 to $3.57. For the next financial year, analysts forecast that the company will report earnings of $3.60 per share, with EPS estimates ranging from $3.16 to $4.23. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Harley-Davidson.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, October 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.25. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.09 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 33.57%. The business’s revenue for the quarter was up 16.8% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share.

Several brokerages have recently commented on HOG. Wolfe Research began coverage on shares of Harley-Davidson in a report on Tuesday, October 2nd. They set a “peer perform” rating and a $46.00 target price on the stock. ValuEngine raised shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Saturday, September 22nd. Wedbush lowered their target price on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, October 4th. Zacks Investment Research cut shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, Royal Bank of Canada lowered their target price on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 17th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.38.

Shares of HOG traded down $1.20 during mid-day trading on Monday, hitting $38.25. 2,973,579 shares of the company’s stock were exchanged, compared to its average volume of 2,227,279. Harley-Davidson has a 52 week low of $35.76 and a 52 week high of $56.50. The stock has a market capitalization of $6.42 billion, a PE ratio of 10.93, a P/E/G ratio of 1.27 and a beta of 1.09. The company has a current ratio of 1.08, a quick ratio of 0.95 and a debt-to-equity ratio of 1.95.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.87%. Harley-Davidson’s dividend payout ratio (DPR) is 42.29%.

Large investors have recently made changes to their positions in the stock. Jupiter Asset Management Ltd. bought a new position in Harley-Davidson in the second quarter valued at approximately $25,227,000. Capital Fund Management S.A. increased its stake in Harley-Davidson by 9.8% in the third quarter. Capital Fund Management S.A. now owns 38,509 shares of the company’s stock valued at $1,744,000 after acquiring an additional 3,432 shares during the last quarter. Brown Advisory Inc. increased its stake in Harley-Davidson by 24.0% in the second quarter. Brown Advisory Inc. now owns 209,930 shares of the company’s stock valued at $8,834,000 after acquiring an additional 40,686 shares during the last quarter. Sowell Financial Services LLC bought a new position in Harley-Davidson in the third quarter valued at approximately $209,000. Finally, Marshall Wace LLP bought a new position in Harley-Davidson in the second quarter valued at approximately $13,555,000. 88.35% of the stock is currently owned by institutional investors and hedge funds.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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