Harley-Davidson (HOG) Set to Announce Earnings on Tuesday
Harley-Davidson (NYSE:HOG) is set to announce its earnings results before the market opens on Tuesday, October 23rd. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.11. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.48 earnings per share. On average, analysts expect Harley-Davidson to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of NYSE:HOG opened at $39.57 on Monday. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 1.28 and a beta of 0.93. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.21 and a current ratio of 1.35. Harley-Davidson has a 52-week low of $38.74 and a 52-week high of $56.50.
In other news, insider Lawrence G. Hund sold 37,040 shares of Harley-Davidson stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the transaction, the insider now directly owns 29,715 shares of the company’s stock, valued at approximately $1,287,550.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John A. Olin sold 12,587 shares of Harley-Davidson stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $43.48, for a total value of $547,282.76. Following the transaction, the chief financial officer now directly owns 55,016 shares in the company, valued at $2,392,095.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,225 shares of company stock worth $2,221,739. Insiders own 0.58% of the company’s stock.
Several research analysts have issued reports on HOG shares. Royal Bank of Canada dropped their target price on Harley-Davidson to $40.00 and set a “market perform” rating on the stock in a research report on Tuesday, June 26th. Morgan Stanley dropped their target price on Harley-Davidson from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Friday, June 29th. Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 11th. ValuEngine raised Harley-Davidson from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus raised their target price on Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, July 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $47.25.
Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.
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