Harley-Davidson (NYSE:HOG) Announces Earnings Results

Harley-Davidson (NYSE:HOG) released its quarterly earnings results on Wednesday. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28), Zacks reports. Harley-Davidson had a net margin of 11.31% and a return on equity of 17.79%. During the same quarter in the previous year, the business posted $0.18 EPS.

Harley-Davidson Price Performance

Shares of Harley-Davidson stock traded up $0.57 on Thursday, reaching $26.97. The company’s stock had a trading volume of 1,025,730 shares, compared to its average volume of 2,263,869. The company has a market capitalization of $3.43 billion, a P/E ratio of 6.07, a PEG ratio of 0.33 and a beta of 1.46. Harley-Davidson has a 52-week low of $25.25 and a 52-week high of $44.16. The stock has a 50-day moving average price of $30.18 and a 200-day moving average price of $33.64. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were given a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s dividend payout ratio is currently 15.54%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HOG. StockNews.com upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. UBS Group lowered their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, November 7th. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Tuesday, December 31st. DA Davidson lowered their target price on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lowered their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $34.57.

About Harley-Davidson

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.