Zacks Research Lowers Earnings Estimates for Harley-Davidson

Harley-Davidson, Inc. (NYSE:HOG) – Investment analysts at Zacks Research decreased their Q2 2027 earnings per share (EPS) estimates for Harley-Davidson in a report issued on Thursday, November 12th. Zacks Research analyst Team now anticipates that the company will earn $0.78 per share for the quarter, down from their prior forecast of $0.96. The consensus estimate for Harley-Davidson’s current full-year earnings is $0.71 per share. Zacks Research also issued estimates for Harley-Davidson’s Q2 2028 earnings at $0.72 EPS and FY2028 earnings at $1.66 EPS.

Several other analysts also recently commented on HOG. Bank of America reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Harley-Davidson in a report on Friday, October 30th. Argus set a $38.00 target price on shares of Harley-Davidson in a report on Tuesday. Griffin Securities set a $33.00 target price on shares of Harley-Davidson in a research report on Monday, August 17th. Weiss Ratings downgraded shares of Harley-Davidson from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday. Finally, UBS Group upped their price target on shares of Harley-Davidson from $26.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.58.

Harley-Davidson Stock Performance

Shares of NYSE HOG opened at $32.50 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.77 and a debt-to-equity ratio of 0.43. Harley-Davidson has a 12 month low of $17.09 and a 12 month high of $34.84. The company has a 50 day simple moving average of $28.22 and a two-hundred day simple moving average of $24.54. The stock has a market cap of $3.28 billion, a price-to-earnings ratio of -30.37, a PEG ratio of 10.23 and a beta of 1.29.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.07). Harley-Davidson had a negative return on equity of 4.26% and a negative net margin of 3.31%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the company posted $3.10 EPS. Harley-Davidson’s quarterly revenue was down 19.3% compared to the same quarter last year.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 15th. Harley-Davidson’s payout ratio is -70.09%.

Insider Buying and Selling at Harley-Davidson

In other news, CFO Jonathan Root sold 1,559 shares of Harley-Davidson stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $24.43, for a total transaction of $38,086.37. Following the completion of the transaction, the chief financial officer directly owned 24,733 shares of the company’s stock, valued at $604,227.19. The trade was a 5.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.97% of the stock is currently owned by company insiders.

Institutional Trading of Harley-Davidson

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Harley-Davidson during the second quarter valued at $249,395,000. Donald Smith & CO. Inc. purchased a new position in Harley-Davidson in the second quarter valued at $226,966,000. Bank of New York Mellon Corp increased its holdings in Harley-Davidson by 8.4% in the first quarter. Bank of New York Mellon Corp now owns 2,110,552 shares of the company’s stock valued at $42,675,000 after buying an additional 163,762 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Harley-Davidson in the second quarter worth about $45,065,000. Finally, Aegis Financial Corp acquired a new position in shares of Harley-Davidson in the first quarter worth about $27,681,000. 85.10% of the stock is owned by hedge funds and other institutional investors.

About Harley-Davidson

Harley-Davidson, Inc. designs, manufactures and sells heavyweight motorcycles under the Harley-Davidson brand. Founded in Milwaukee in 1903, the company also offers motorcycle parts, accessories, riding gear and branded apparel. The company serves customers in North America and international markets, including Europe, Asia Pacific and Latin America. Its Harley-Davidson Financial Services business provides financing and insurance products to motorcycle buyers and dealers. Harley-Davidson is headquartered in Milwaukee, Wisconsin, and maintains a majority ownership interest in LiveWire, an electric-motorcycle business.