Harley-Davidson (NYSE:HOG) Issues Earnings Results, Beats Estimates By $0.24 EPS

Harley-Davidson (NYSE:HOG) announced its quarterly earnings results on Tuesday. The company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.17 by $0.24, MarketWatch Earnings reports. Harley-Davidson had a return on equity of 16.84% and a net margin of 4.56%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted ($0.60) earnings per share. The company’s revenue for the quarter was up 128.9% compared to the same quarter last year.

HOG stock traded down $0.61 during midday trading on Thursday, hitting $40.04. The stock had a trading volume of 180,338 shares, compared to its average volume of 1,495,120. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 0.53 and a beta of 1.51. Harley-Davidson has a 52 week low of $22.56 and a 52 week high of $52.06. The stock’s 50-day simple moving average is $46.59. The company has a quick ratio of 1.37, a current ratio of 1.50 and a debt-to-equity ratio of 2.80.

The company also recently announced a quarterly dividend, which was paid on Friday, June 25th. Investors of record on Thursday, June 10th were given a $0.15 dividend. The ex-dividend date was Wednesday, June 9th. This represents a $0.60 annualized dividend and a yield of 1.50%. Harley-Davidson’s dividend payout ratio (DPR) is currently 77.92%.

Several brokerages have commented on HOG. DA Davidson began coverage on Harley-Davidson in a report on Wednesday, April 14th. They set a “buy” rating and a $55.00 price target on the stock. Citigroup increased their price target on Harley-Davidson from $39.00 to $55.00 and gave the company a “buy” rating in a report on Monday, May 17th. Wedbush increased their price target on Harley-Davidson from $43.00 to $55.00 in a report on Wednesday, April 21st. BMO Capital Markets increased their price target on Harley-Davidson from $40.00 to $54.00 in a report on Wednesday, April 21st. Finally, Morgan Stanley increased their price target on Harley-Davidson from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $48.57.

About Harley-Davidson

Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.

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Earnings History for Harley-Davidson (NYSE:HOG)

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