Harley-Davidson (NYSE:HOG) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

Harley-Davidson (NYSE:HOG) issued its quarterly earnings results on Wednesday. The company reported ($0.93) earnings per share for the quarter, missing the consensus estimate of ($0.65) by ($0.28), Zacks reports. Harley-Davidson had a return on equity of 17.79% and a net margin of 11.31%. During the same period in the previous year, the company posted $0.18 EPS.

Harley-Davidson Stock Performance

Shares of NYSE:HOG traded up $0.57 during trading on Thursday, hitting $26.97. 1,025,730 shares of the company traded hands, compared to its average volume of 2,263,869. Harley-Davidson has a one year low of $25.25 and a one year high of $44.16. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 6.07, a PEG ratio of 0.33 and a beta of 1.46. The business’s fifty day moving average is $30.18 and its 200-day moving average is $33.64. The company has a quick ratio of 1.25, a current ratio of 1.41 and a debt-to-equity ratio of 1.38.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a $0.1725 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Tuesday, December 10th. Harley-Davidson’s payout ratio is 15.54%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HOG. Citigroup lowered their price objective on Harley-Davidson from $31.00 to $29.00 and set a “neutral” rating for the company in a research report on Thursday. Morgan Stanley cut their target price on Harley-Davidson from $33.00 to $31.00 and set an “equal weight” rating for the company in a research note on Thursday. UBS Group cut their target price on Harley-Davidson from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, November 7th. StockNews.com raised Harley-Davidson from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird cut their target price on Harley-Davidson from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, December 31st. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $34.57.

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.