Equities research analysts expect that Harley-Davidson Inc (NYSE:HOG) will announce earnings of $0.48 per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.54. Harley-Davidson posted earnings per share of $0.27 in the same quarter last year, which would suggest a positive year-over-year growth rate of 77.8%. The business is expected to issue its next earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.43 per share for the current financial year, with EPS estimates ranging from $3.34 to $3.48. For the next year, analysts anticipate that the company will report earnings of $3.70 per share, with EPS estimates ranging from $3.44 to $4.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $962.10 million for the quarter, compared to analyst estimates of $959.41 million. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The company’s revenue was down 11.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 EPS.

HOG has been the topic of several recent research reports. Stifel Nicolaus restated a “buy” rating and set a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a research report on Tuesday, October 10th. BMO Capital Markets restated a “buy” rating and set a $56.00 price target on shares of Harley-Davidson in a research report on Friday, September 8th. Argus upgraded Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Friday, October 20th. TheStreet lowered Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group restated a “hold” rating on shares of Harley-Davidson in a research report on Sunday, October 15th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $52.75.

Shares of Harley-Davidson (NYSE:HOG) traded down $0.40 during trading on Tuesday, hitting $50.79. The stock had a trading volume of 1,765,700 shares, compared to its average volume of 2,263,120. The company has a debt-to-equity ratio of 2.48, a current ratio of 1.18 and a quick ratio of 1.03. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The company has a market cap of $8,615.03, a price-to-earnings ratio of 16.00, a PEG ratio of 1.76 and a beta of 0.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a $0.365 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.87%. Harley-Davidson’s dividend payout ratio is currently 45.63%.

In other news, Director Jochen Zeitz sold 1,859 shares of Harley-Davidson stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $47.80, for a total value of $88,860.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO John A. Olin sold 28,760 shares of Harley-Davidson stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the sale, the chief financial officer now owns 65,722 shares in the company, valued at $3,156,627.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,726 shares of company stock worth $2,816,641. Corporate insiders own 0.70% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Capital Research Global Investors lifted its stake in shares of Harley-Davidson by 605.1% in the 2nd quarter. Capital Research Global Investors now owns 16,732,599 shares of the company’s stock valued at $903,895,000 after purchasing an additional 14,359,571 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Harley-Davidson by 53.3% in the 3rd quarter. Independent Franchise Partners LLP now owns 8,101,285 shares of the company’s stock valued at $390,562,000 after purchasing an additional 2,815,749 shares during the period. Impala Asset Management LLC lifted its stake in shares of Harley-Davidson by 60.2% in the 2nd quarter. Impala Asset Management LLC now owns 2,077,434 shares of the company’s stock valued at $112,223,000 after purchasing an additional 780,371 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Harley-Davidson by 2,910.0% in the 2nd quarter. Janus Henderson Group PLC now owns 559,881 shares of the company’s stock valued at $30,245,000 after purchasing an additional 541,280 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Harley-Davidson by 18.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,183,477 shares of the company’s stock valued at $153,476,000 after purchasing an additional 488,628 shares during the period. Hedge funds and other institutional investors own 96.33% of the company’s stock.

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About Harley-Davidson

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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