Harley-Davidson (HOG) Set to Announce Quarterly Earnings on Thursday

Harley-Davidson (NYSE:HOG - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Harley-Davidson to post earnings of $0.95 per share for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.40 by $0.23. The company had revenue of $1.62 billion during the quarter, compared to analysts' expectations of $1.29 billion. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 earnings per share. On average, analysts expect Harley-Davidson to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Harley-Davidson Price Performance

Shares of HOG traded up $0.14 during trading hours on Thursday, reaching $36.65. 1,683,288 shares of the company traded hands, compared to its average volume of 1,731,515. The stock has a market capitalization of $4.93 billion, a PE ratio of 8.14, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The stock has a fifty day simple moving average of $36.77 and a 200 day simple moving average of $36.15. Harley-Davidson has a fifty-two week low of $25.43 and a fifty-two week high of $44.16. The company has a quick ratio of 1.32, a current ratio of 1.50 and a debt-to-equity ratio of 1.44.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Monday, September 16th were issued a $0.1725 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.69 dividend on an annualized basis and a yield of 1.88%. Harley-Davidson's dividend payout ratio (DPR) is 15.33%.

Harley-Davidson declared that its board has authorized a share repurchase plan on Thursday, July 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 19.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

HOG has been the subject of several analyst reports. Bank of America dropped their target price on Harley-Davidson from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday. UBS Group upped their price objective on shares of Harley-Davidson from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 23rd. Robert W. Baird cut shares of Harley-Davidson from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Baird R W downgraded shares of Harley-Davidson from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 2nd. Finally, Citigroup increased their price target on shares of Harley-Davidson from $37.00 to $39.00 and gave the stock a "neutral" rating in a research note on Thursday, September 19th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $44.00.

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.