Harley-Davidson (HOG) Scheduled to Post Quarterly Earnings on Thursday

Harley-Davidson (NYSE:HOG) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.95 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the firm posted $1.22 earnings per share. The business’s quarterly revenue was up 12.0% 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 Price Performance

HOG opened at $35.49 on Tuesday. The stock has a market cap of $4.77 billion, a P/E ratio of 7.91, a P/E/G ratio of 1.28 and a beta of 1.44. Harley-Davidson has a 12 month low of $25.43 and a 12 month high of $44.16. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44. The company has a fifty day simple moving average of $36.79 and a 200 day simple moving average of $36.00.

Harley-Davidson declared that its board has authorized a stock repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to repurchase up to 19.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Monday, September 16th. Harley-Davidson’s dividend payout ratio (DPR) is presently 15.33%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HOG. Baird R W downgraded shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America cut their price objective on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Citigroup upped their target price on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, September 19th. UBS Group boosted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 23rd. Finally, Robert W. Baird cut shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $44.00 to $40.00 in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.