Harley-Davidson (NYSE:HOG) Announces Earnings Results

Harley-Davidson (NYSE:HOG) posted its earnings results on Thursday. The company reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.23, Briefing.com reports. 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 quarter in the prior year, the company posted $1.22 earnings per share. Harley-Davidson’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Harley-Davidson Stock Up 1.2 %

Harley-Davidson stock traded up $0.44 during mid-day trading on Friday, hitting $36.83. The company had a trading volume of 4,303,039 shares, compared to its average volume of 1,666,971. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.38 and a beta of 1.46. Harley-Davidson has a 1 year low of $25.43 and a 1 year 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 business has a fifty day moving average of $34.22 and a 200 day moving average of $36.36.

Harley-Davidson Announces Dividend

The business 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. The ex-dividend date of this dividend was Wednesday, June 5th. This represents a $0.69 annualized dividend and a yield of 1.87%. Harley-Davidson’s dividend payout ratio is currently 15.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Citigroup decreased their target price 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. Robert W. Baird increased 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. BMO Capital Markets reduced their price target on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. DA Davidson increased 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. Finally, Morgan Stanley assumed coverage on shares of Harley-Davidson in a research report on Tuesday, April 23rd. They set an “overweight” rating and a $50.00 price target on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Harley-Davidson has an average rating of “Moderate Buy” and a consensus price target 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.