Harley-Davidson Inc. (NYSE:HOG) will be announcing its earnings results on Tuesday, October 18th. Investors interested in registering for the company’s conference call can do so using this link.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.01. The company earned $1.86 billion during the quarter, compared to analysts’ expectations of $1.67 billion. Harley-Davidson had a return on equity of 34.33% and a net margin of 13.23%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.44 earnings per share. On average, analysts expect Harley-Davidson to post $3.87 EPS for the current fiscal year and $4.14 EPS for the next fiscal year.
Shares of Harley-Davidson Inc. (NYSE:HOG) opened at 50.42 on Friday. Harley-Davidson Inc. has a 52 week low of $36.36 and a 52 week high of $57.33. The stock has a 50 day moving average price of $51.70 and a 200 day moving average price of $48.99. The firm has a market cap of $9.11 billion, a PE ratio of 13.42 and a beta of 1.05.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Tuesday, September 13th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 9th. This represents a $1.40 annualized dividend and a yield of 2.78%. Harley-Davidson’s dividend payout ratio (DPR) is presently 36.65%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 12,537 shares of the business’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $53.23, for a total value of $667,344.51. Following the transaction, the insider now directly owns 16,922 shares in the company, valued at approximately $900,758.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul J. Jones sold 2,517 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $54.03, for a total transaction of $135,993.51. The disclosure for this sale can be found here. 0.99% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers raised its position in Harley-Davidson by 5.9% in the second quarter. Rhumbline Advisers now owns 297,685 shares of the company’s stock valued at $13,485,000 after buying an additional 16,696 shares during the last quarter. APG Asset Management N.V. raised its position in shares of Harley-Davidson by 13.8% in the second quarter. APG Asset Management N.V. now owns 454,570 shares of the company’s stock valued at $20,592,000 after buying an additional 55,200 shares in the last quarter. WBI Investments Inc. bought a new position in shares of Harley-Davidson during the second quarter valued at approximately $68,063,000. TIAA CREF Investment Management LLC raised its position in shares of Harley-Davidson by 1.0% in the second quarter. TIAA CREF Investment Management LLC now owns 583,428 shares of the company’s stock valued at $26,429,000 after buying an additional 5,713 shares in the last quarter. Finally, United Services Automobile Association raised its position in shares of Harley-Davidson by 89.4% in the second quarter. United Services Automobile Association now owns 174,509 shares of the company’s stock valued at $7,905,000 after buying an additional 82,363 shares in the last quarter. Institutional investors own 94.90% of the company’s stock.
Several research firms recently issued reports on HOG. Vetr raised Harley-Davidson from a “sell” rating to a “hold” rating and set a $53.25 price objective on the stock in a research report on Tuesday, August 23rd. Argus reissued a “hold” rating on shares of Harley-Davidson in a report on Monday, August 1st. Goldman Sachs Group Inc. restated a “neutral” rating and issued a $47.00 price objective on shares of Harley-Davidson in a research note on Wednesday, August 3rd. BMO Capital Markets restated an “outperform” rating and issued a $66.00 price objective on shares of Harley-Davidson in a research note on Friday, September 9th. Finally, Barclays PLC restated an “equal weight” rating and issued a $49.00 price objective on shares of Harley-Davidson in a research note on Thursday, July 7th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $51.16.
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road l Harley-Davidson motorcycles, as well as a line of motorcycle parts, accessories, general merchandise and related services.
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