Harley-Davidson Inc. (HOG) Scheduled to Post Earnings on Tuesday
Harley-Davidson Inc. (NYSE:HOG) will release its earnings data on Tuesday, October 18th. Persons interested in participating in the company’s earnings conference call can do so using this link.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.01. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.67 billion. During the same quarter in the prior year, the company earned $1.44 earnings per share. Harley-Davidson’s revenue was up 1.2% on a year-over-year basis. 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.
Harley-Davidson Inc. (NYSE:HOG) opened at 49.83 on Monday. The firm 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 12-month low of $36.36 and a 12-month high of $57.33. The company has a market cap of $9.00 billion, a P/E ratio of 13.26 and a beta of 1.05.
The business also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Tuesday, September 13th were issued a $0.35 dividend. The ex-dividend date was Friday, September 9th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.81%. Harley-Davidson’s dividend payout ratio is presently 36.65%.
A number of research analysts have recently issued reports on HOG shares. TheStreet upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Citigroup Inc. boosted their target price on Harley-Davidson from $51.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Vetr upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.25 target price on the stock in a research note on Wednesday, September 14th. Barclays PLC restated an “equal weight” rating and set a $49.00 target price on shares of Harley-Davidson in a research note on Thursday, July 7th. Finally, Stifel Nicolaus downgraded Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Friday, July 15th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $51.16.
In other Harley-Davidson news, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $54.03, for a total transaction of $135,993.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $53.23, for a total value of $667,344.51. Following the sale, the insider now owns 16,922 shares of the company’s stock, valued at $900,758.06. The disclosure for this sale can be found here. Company insiders own 0.99% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Oarsman Capital Inc. raised its stake in Harley-Davidson by 2.1% in the second quarter. Oarsman Capital Inc. now owns 5,969 shares of the company’s stock worth $270,000 after buying an additional 125 shares during the period. Commonwealth Bank of Australia raised its stake in Harley-Davidson by 0.8% in the second quarter. Commonwealth Bank of Australia now owns 19,882 shares of the company’s stock worth $902,000 after buying an additional 157 shares during the period. Pacer Advisors Inc. raised its stake in Harley-Davidson by 7.3% in the second quarter. Pacer Advisors Inc. now owns 3,625 shares of the company’s stock worth $164,000 after buying an additional 247 shares during the period. TCW Group Inc. raised its stake in Harley-Davidson by 3.1% in the second quarter. TCW Group Inc. now owns 13,300 shares of the company’s stock worth $602,000 after buying an additional 400 shares during the period. Finally, Boyar Asset Management Inc. raised its stake in Harley-Davidson by 14.5% in the second quarter. Boyar Asset Management Inc. now owns 4,642 shares of the company’s stock worth $210,000 after buying an additional 589 shares during the period. Institutional investors own 94.90% of the company’s stock.
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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