Harley-Davidson (NYSE:HOG) Announces Earnings Results

Harley-Davidson (NYSE:HOG) posted its quarterly earnings data on Thursday. The company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.23, Briefing.com reports. The company had revenue of $1.62 billion for the quarter, compared to analyst estimates of $1.29 billion. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.22 earnings per share.

Harley-Davidson Trading Up 1.2 %

NYSE:HOG opened at $36.83 on Friday. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16. The business’s 50-day moving average price is $34.22 and its two-hundred day moving average price is $36.36. The company has a current ratio of 1.50, a quick ratio of 1.32 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.38 and a beta of 1.46.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th were paid a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 1.87%. The ex-dividend date was Wednesday, June 5th. Harley-Davidson’s payout ratio is 15.33%.

Analysts Set New Price Targets

A number of research firms have commented on HOG. Morgan Stanley began coverage on Harley-Davidson in a research note on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price objective on the stock. BMO Capital Markets cut their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. DA Davidson upped their price target on Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Robert W. Baird upped their price target on Harley-Davidson from $40.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Citigroup cut their price target on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.14.

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.