DA Davidson Comments on Harley-Davidson, Inc.’s Q3 2024 Earnings (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG) – Investment analysts at DA Davidson lowered their Q3 2024 earnings per share (EPS) estimates for shares of Harley-Davidson in a research report issued on Tuesday, October 8th. DA Davidson analyst B. Rolle now anticipates that the company will earn $0.70 per share for the quarter, down from their previous forecast of $0.90. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.19 per share. DA Davidson also issued estimates for Harley-Davidson’s FY2024 earnings at $3.60 EPS and FY2025 earnings at $4.45 EPS.

A number of other brokerages have also weighed in on HOG. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Citigroup boosted their price target on Harley-Davidson from $37.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, September 19th. Robert W. Baird cut Harley-Davidson from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Finally, UBS Group upped their target price on Harley-Davidson from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 23rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $45.43.

Harley-Davidson Trading Up 3.0 %

Shares of Harley-Davidson stock opened at $34.78 on Thursday. The firm’s 50 day simple moving average is $36.75 and its two-hundred day simple moving average is $36.36. The firm has a market capitalization of $4.58 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 1.28 and a beta of 1.44. Harley-Davidson has a 12-month low of $25.43 and a 12-month high of $44.16. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.23. The firm had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.29 billion. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.22 earnings per share.

Institutional Trading of Harley-Davidson

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Future Financial Wealth Managment LLC acquired a new stake in Harley-Davidson during the first quarter valued at $39,000. Neo Ivy Capital Management acquired a new stake in shares of Harley-Davidson during the 4th quarter valued at about $50,000. American National Bank purchased a new position in shares of Harley-Davidson in the 1st quarter valued at about $52,000. Signaturefd LLC raised its holdings in Harley-Davidson by 46.8% in the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after purchasing an additional 597 shares during the period. Finally, Fifth Third Bancorp boosted its position in Harley-Davidson by 19.5% during the second quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after purchasing an additional 322 shares in the last quarter. 85.10% of the stock is owned by institutional investors and hedge funds.

Harley-Davidson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 1.98%. Harley-Davidson’s dividend payout ratio (DPR) is presently 14.05%.

Harley-Davidson announced that its Board of Directors has approved a stock repurchase plan on Thursday, July 25th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 19.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.