Q4 2022 EPS Estimates for Harley-Davidson, Inc. Increased by Analyst (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOGGet Rating) – Analysts at William Blair upped their Q4 2022 earnings estimates for shares of Harley-Davidson in a report issued on Thursday, May 19th. William Blair analyst R. Sundby now expects that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.10.

Other research analysts have also issued reports about the stock. Northcoast Research reissued a “neutral” rating on shares of Harley-Davidson in a report on Tuesday, May 17th. Zacks Investment Research lowered shares of Harley-Davidson from a “strong-buy” rating to a “hold” rating and set a $40.00 target price for the company. in a report on Tuesday, April 12th. StockNews.com initiated coverage on shares of Harley-Davidson in a report on Thursday, March 31st. They issued a “hold” rating for the company. Wolfe Research reissued a “buy” rating and issued a $45.00 target price on shares of Harley-Davidson in a report on Friday, May 20th. Finally, Robert W. Baird cut their target price on shares of Harley-Davidson from $60.00 to $55.00 and set an “outperform” rating for the company in a report on Thursday, April 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.46.

HOG stock opened at $31.62 on Monday. The firm has a fifty day moving average price of $37.70 and a 200 day moving average price of $37.92. Harley-Davidson has a fifty-two week low of $30.42 and a fifty-two week high of $50.00. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.12 and a current ratio of 1.34. The firm has a market cap of $4.66 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.30.

Harley-Davidson (NYSE:HOGGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $1.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.07). The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.33 billion. Harley-Davidson had a net margin of 11.78% and a return on equity of 27.07%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 EPS.

Several large investors have recently added to or reduced their stakes in HOG. Morgan Stanley raised its holdings in shares of Harley-Davidson by 1.1% in the second quarter. Morgan Stanley now owns 1,040,577 shares of the company’s stock valued at $47,679,000 after acquiring an additional 10,971 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Harley-Davidson by 49.4% in the third quarter. Russell Investments Group Ltd. now owns 43,661 shares of the company’s stock valued at $1,601,000 after acquiring an additional 14,432 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Harley-Davidson by 9.9% in the third quarter. CIBC Asset Management Inc now owns 6,329 shares of the company’s stock valued at $232,000 after acquiring an additional 571 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Harley-Davidson by 22.5% in the third quarter. Teacher Retirement System of Texas now owns 24,722 shares of the company’s stock valued at $905,000 after acquiring an additional 4,538 shares in the last quarter. Finally, Creative Planning raised its holdings in Harley-Davidson by 1.9% in the third quarter. Creative Planning now owns 17,711 shares of the company’s stock worth $648,000 after purchasing an additional 336 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

In other news, CAO Mark R. Kornetzke sold 5,746 shares of Harley-Davidson stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $40.09, for a total transaction of $230,357.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by company insiders.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 17th. Stockholders of record on Thursday, June 2nd will be given a dividend of $0.157 per share. The ex-dividend date of this dividend is Wednesday, June 1st. This represents a $0.63 annualized dividend and a dividend yield of 1.99%. Harley-Davidson’s dividend payout ratio (DPR) is 15.87%.

Harley-Davidson Company Profile (Get Rating)

Harley-Davidson, Inc manufactures and sells motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, apparel, and related services.

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