Harley-Davidson Inc (NYSE:HOG) – Analysts at KeyCorp raised their Q3 2020 earnings estimates for Harley-Davidson in a note issued to investors on Tuesday, July 28th. KeyCorp analyst B. Andress now forecasts that the company will earn $0.91 per share for the quarter, up from their prior forecast of $0.39. KeyCorp also issued estimates for Harley-Davidson’s Q4 2020 earnings at ($0.08) EPS, FY2020 earnings at $0.99 EPS and FY2021 earnings at $2.80 EPS.
HOG has been the subject of several other research reports. Wolfe Research raised shares of Harley-Davidson from a “peer perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Thursday, June 25th. Stifel Nicolaus upped their target price on shares of Harley-Davidson from $20.00 to $27.00 and gave the stock a “hold” rating in a research note on Wednesday. Citigroup initiated coverage on shares of Harley-Davidson in a research note on Monday, July 6th. They issued a “buy” rating and a $33.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $36.00 target price (up from $27.00) on shares of Harley-Davidson in a research note on Thursday, July 16th. Finally, BMO Capital Markets raised shares of Harley-Davidson from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $23.00 to $33.00 in a research note on Tuesday, July 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.93.
Shares of HOG stock opened at $26.03 on Friday. Harley-Davidson has a 12-month low of $14.31 and a 12-month high of $40.89. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 53.12, a price-to-earnings-growth ratio of 4.78 and a beta of 1.44. The company has a quick ratio of 0.95, a current ratio of 1.46 and a debt-to-equity ratio of 4.00. The firm has a fifty day moving average of $25.85 and a 200-day moving average of $25.74.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.47). Harley-Davidson had a net margin of 1.72% and a return on equity of 9.55%. The firm had revenue of $669.27 million during the quarter, compared to analyst estimates of $763.47 million. During the same period last year, the firm earned $1.46 EPS. Harley-Davidson’s quarterly revenue was down 53.3% on a year-over-year basis.
Several hedge funds have recently modified their holdings of HOG. Prudential PLC bought a new stake in shares of Harley-Davidson in the 1st quarter valued at about $47,202,000. Norges Bank bought a new stake in shares of Harley-Davidson in the 4th quarter valued at about $55,715,000. Parametric Portfolio Associates LLC raised its holdings in shares of Harley-Davidson by 68.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 881,448 shares of the company’s stock valued at $16,686,000 after purchasing an additional 359,128 shares during the period. Morningstar Investment Services LLC bought a new stake in shares of Harley-Davidson in the 1st quarter valued at about $4,925,000. Finally, Raymond James & Associates raised its holdings in shares of Harley-Davidson by 1,005.2% in the 2nd quarter. Raymond James & Associates now owns 181,885 shares of the company’s stock valued at $4,323,000 after purchasing an additional 165,428 shares during the period. 92.42% of the stock is currently owned by institutional investors.
In other Harley-Davidson news, Chairman Jochen Zeitz acquired 97,850 shares of Harley-Davidson stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $21.26 per share, for a total transaction of $2,080,291.00. Following the purchase, the chairman now directly owns 97,850 shares in the company, valued at approximately $2,080,291. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.86% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.02 per share. The ex-dividend date is Wednesday, September 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.31%. Harley-Davidson’s dividend payout ratio is 2.38%.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
Further Reading: How is a management fee different from a performance fee?
Receive News & Ratings for Harley-Davidson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Harley-Davidson and related companies with MarketBeat.com's FREE daily email newsletter.