Equities research analysts expect that Harley-Davidson Inc (NYSE:HOG) will report $0.48 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $0.38 to $0.54. Harley-Davidson reported earnings of $0.27 per share in the same quarter last year, which indicates a positive year over year growth rate of 77.8%. The business is expected to report its next earnings report on Tuesday, January 30th.

According to Zacks, analysts expect that Harley-Davidson will report full year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.48. For the next year, analysts forecast that the business will report earnings of $3.70 per share, with EPS estimates ranging from $3.44 to $4.04. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. During the same period in the previous year, the business earned $0.64 EPS. The company’s revenue was down 11.9% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Goldman Sachs Group reiterated a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Aegis began coverage on shares of Harley-Davidson in a research note on Monday, August 28th. They set a “hold” rating and a $49.00 price objective on the stock. Stifel Nicolaus restated a “buy” rating and set a $48.00 price objective (down from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Argus upgraded shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, October 20th. Finally, Wedbush restated a “neutral” rating and set a $45.00 price objective on shares of Harley-Davidson in a research note on Monday, October 2nd. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the company. Harley-Davidson currently has a consensus rating of “Hold” and a consensus target price of $52.75.

In other Harley-Davidson news, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John A. Olin sold 28,760 shares of the business’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $48.03, for a total transaction of $1,381,342.80. Following the completion of the sale, the chief financial officer now directly owns 65,722 shares of the company’s stock, valued at approximately $3,156,627.66. The disclosure for this sale can be found here. Insiders sold a total of 58,726 shares of company stock valued at $2,816,641 in the last three months. Insiders own 0.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Harley-Davidson by 0.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,100 shares of the company’s stock worth $384,000 after acquiring an additional 66 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Harley-Davidson by 2.5% during the 2nd quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock worth $222,000 after acquiring an additional 102 shares during the period. Norinchukin Bank The lifted its holdings in shares of Harley-Davidson by 0.3% during the 2nd quarter. Norinchukin Bank The now owns 39,905 shares of the company’s stock worth $2,156,000 after acquiring an additional 127 shares during the period. Veritable L.P. lifted its holdings in shares of Harley-Davidson by 1.0% during the 2nd quarter. Veritable L.P. now owns 13,842 shares of the company’s stock worth $748,000 after acquiring an additional 138 shares during the period. Finally, Geneva Advisors LLC lifted its holdings in shares of Harley-Davidson by 5.4% during the 2nd quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock worth $213,000 after acquiring an additional 200 shares during the period. 96.33% of the stock is owned by institutional investors.

Shares of Harley-Davidson (NYSE:HOG) traded up $0.44 during mid-day trading on Tuesday, reaching $50.46. 2,787,900 shares of the company’s stock traded hands, compared to its average volume of 2,255,170. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The firm has a market cap of $8,584.74, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.75 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, December 14th. Harley-Davidson’s dividend payout ratio is currently 45.63%.

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About Harley-Davidson

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 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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