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

Harley-Davidson (NYSE:HOG - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.93) EPS for the quarter, missing the consensus estimate of ($0.65) by ($0.28), Zacks reports. Harley-Davidson had a net margin of 9.25% and a return on equity of 13.64%. During the same quarter in the previous year, the company posted $0.18 earnings per share.

Harley-Davidson Stock Up 0.4 %

Shares of HOG stock traded up $0.10 on Friday, hitting $26.82. The company's stock had a trading volume of 2,928,755 shares, compared to its average volume of 2,466,279. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.05, a P/E/G ratio of 0.36 and a beta of 1.46. Harley-Davidson has a fifty-two week low of $25.25 and a fifty-two week high of $44.16. The firm's fifty day moving average price is $29.90 and its 200-day moving average price is $33.53. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.40 and a quick ratio of 1.25.

Harley-Davidson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.1725 per share. The ex-dividend date was Tuesday, December 10th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.57%. Harley-Davidson's dividend payout ratio is currently 20.72%.

Wall Street Analysts Forecast Growth

HOG has been the subject of a number of research analyst reports. StockNews.com upgraded Harley-Davidson from a "sell" rating to a "hold" rating in a report on Wednesday, November 27th. Morgan Stanley reduced their price objective on Harley-Davidson from $33.00 to $31.00 and set an "equal weight" rating for the company in a research note on Thursday. Robert W. Baird lowered their target price on Harley-Davidson from $40.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 31st. Bank of America reduced their price target on shares of Harley-Davidson from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Thursday, January 30th. Finally, DA Davidson lowered their price objective on shares of Harley-Davidson from $39.00 to $31.00 and set a "buy" rating on the stock in a research report on Tuesday, February 4th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently 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.