Harley-Davidson (NYSE:HOG) Announces Earnings Results, Beats Estimates By $0.23 EPS

Harley-Davidson (NYSE:HOG) posted its earnings results on Thursday. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23, Briefing.com reports. The business had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.29 billion. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. Harley-Davidson’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business posted $1.22 EPS.

Harley-Davidson Stock Performance

Shares of NYSE HOG traded up $0.44 during mid-day trading on Friday, reaching $36.83. 4,303,039 shares of the company were exchanged, compared to its average volume of 1,666,971. The company’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $36.36. 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 stock has a market capitalization of $4.95 billion, a P/E ratio of 8.18, a P/E/G ratio of 1.38 and a beta of 1.46. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $44.16.

Harley-Davidson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were paid a $0.1725 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Wednesday, June 5th. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Wall Street Analyst Weigh In

Several analysts have issued reports on HOG shares. Citigroup decreased their price target on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 12th. DA Davidson raised their price target on shares of Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Robert W. Baird raised their price target on shares of Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday. Morgan Stanley initiated coverage on shares of Harley-Davidson in a research note on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 target price for the company. Finally, BMO Capital Markets dropped their target price on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Harley-Davidson presently has a consensus rating of “Moderate Buy” and an average target price of $45.14.

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.