Harley-Davidson (NYSE:HOG – Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09, reports. Harley-Davidson had a net margin of 11.92% and a return on equity of 20.33%. The company had revenue of $881.21 million during the quarter, compared to the consensus estimate of $970.25 million.
Harley-Davidson Price Performance
Shares of HOG opened at $31.85 on Friday. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $44.16. The company has a market capitalization of $4.19 billion, a P/E ratio of 6.49, a price-to-earnings-growth ratio of 1.59 and a beta of 1.44. The firm has a 50 day moving average of $36.54 and a 200 day moving average of $35.73. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.
Harley-Davidson Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, September 16th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $0.69 annualized dividend and a dividend yield of 2.17%. Harley-Davidson’s dividend payout ratio is presently 14.05%.
Institutional Trading of Harley-Davidson
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Bank of America reduced their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Citigroup dropped their target price on shares of Harley-Davidson from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Friday. Baird R W lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group boosted their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Finally, Robert W. Baird downgraded shares of Harley-Davidson from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $44.00 to $40.00 in a research note on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Harley-Davidson presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.29.
Read Our Latest Stock Report on Harley-Davidson
Harley-Davidson announced that its Board of Directors has authorized a stock buyback plan on Thursday, July 25th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to reacquire up to 19.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership 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.
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