Harley-Davidson (NYSE:HOG) Posts Quarterly Earnings Results, Misses Estimates By $0.28 EPS

Harley-Davidson (NYSE:HOG) posted its quarterly earnings results on Wednesday. The company reported ($0.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.65) by ($0.28), Zacks reports. Harley-Davidson had a net margin of 11.31% and a return on equity of 17.79%. During the same period in the prior year, the firm posted $0.18 earnings per share.

Harley-Davidson Stock Down 4.4 %

Shares of NYSE HOG traded down $1.17 during mid-day trading on Wednesday, reaching $25.65. 2,231,524 shares of the company’s stock were exchanged, compared to its average volume of 2,131,944. Harley-Davidson has a twelve month low of $25.25 and a twelve month high of $44.16. The company has a current ratio of 1.41, a quick ratio of 1.25 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.33 and a beta of 1.46. The business has a fifty day simple moving average of $30.33 and a 200 day simple moving average of $33.69.

Harley-Davidson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.1725 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a yield of 2.69%. Harley-Davidson’s payout ratio is 15.54%.

Wall Street Analysts Forecast Growth

HOG has been the subject of several analyst reports. StockNews.com upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group lowered their target price on shares of Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. DA Davidson cut their price target on Harley-Davidson from $39.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday. Citigroup decreased their price objective on Harley-Davidson from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America cut their target price on Harley-Davidson from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Harley-Davidson currently has an average rating of “Hold” and a consensus price target of $35.14.

About Harley-Davidson

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.