Harley-Davidson (NYSE:HOG) Releases Quarterly Earnings Results, Beats Expectations By $0.23 EPS

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

Harley-Davidson Trading Up 1.2 %

Harley-Davidson stock traded up $0.44 during mid-day trading on Friday, hitting $36.83. The company’s stock had a trading volume of 4,303,039 shares, compared to its average volume of 1,666,971. The firm has a market capitalization of $4.95 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.38 and a beta of 1.46. Harley-Davidson has a 1 year low of $25.43 and a 1 year high of $44.16. 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 stock’s fifty day moving average is $34.22 and its two-hundred day moving average is $36.36.

Harley-Davidson Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HOG. BMO Capital Markets reduced their price target on Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 26th. Morgan Stanley began coverage on Harley-Davidson in a report on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price target on the stock. Robert W. Baird increased their price target on Harley-Davidson from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson increased their price target on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Citigroup reduced their price objective on Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average 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.