DA Davidson Comments on Harley-Davidson, Inc.’s Q4 2023 Earnings (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOGFree Report) – Investment analysts at DA Davidson increased their Q4 2023 earnings estimates for shares of Harley-Davidson in a research report issued to clients and investors on Thursday, February 8th. DA Davidson analyst B. Rolle now expects that the company will post earnings of ($0.04) per share for the quarter, up from their previous estimate of ($0.14). The consensus estimate for Harley-Davidson’s current full-year earnings is $4.39 per share.

Harley-Davidson (NYSE:HOGGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.14. The firm had revenue of $791.65 million for the quarter, compared to analysts’ expectations of $875.29 million. Harley-Davidson had a net margin of 12.11% and a return on equity of 22.00%. The company’s revenue was down 13.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

A number of other research analysts have also recently commented on HOG. Citigroup upped their target price on shares of Harley-Davidson from $33.00 to $36.00 and gave the company a “neutral” rating in a research report on Monday, December 18th. TheStreet cut shares of Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Friday, October 27th. Finally, BMO Capital Markets decreased their target price on shares of Harley-Davidson from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $45.25.

Read Our Latest Report on Harley-Davidson

Harley-Davidson Trading Up 3.2 %

Shares of HOG stock opened at $38.02 on Monday. The company’s 50-day moving average price is $34.47 and its 200-day moving average price is $32.74. The company has a current ratio of 1.53, a quick ratio of 1.25 and a debt-to-equity ratio of 1.53. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 7.89, a PEG ratio of 2.31 and a beta of 1.40. Harley-Davidson has a twelve month low of $25.43 and a twelve month high of $49.39.

Harley-Davidson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, December 8th. This represents a $0.66 dividend on an annualized basis and a yield of 1.74%. Harley-Davidson’s dividend payout ratio (DPR) is presently 13.69%.

Institutional Trading of Harley-Davidson

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Prelude Capital Management LLC increased its holdings in shares of Harley-Davidson by 3.4% in the 3rd quarter. Prelude Capital Management LLC now owns 8,624 shares of the company’s stock valued at $301,000 after acquiring an additional 282 shares during the period. SageView Advisory Group LLC boosted its position in shares of Harley-Davidson by 3.7% during the 2nd quarter. SageView Advisory Group LLC now owns 8,504 shares of the company’s stock worth $299,000 after purchasing an additional 300 shares in the last quarter. US Bancorp DE boosted its position in shares of Harley-Davidson by 2.2% during the 4th quarter. US Bancorp DE now owns 16,023 shares of the company’s stock worth $590,000 after purchasing an additional 346 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Harley-Davidson by 22.3% during the 4th quarter. National Bank of Canada FI now owns 2,054 shares of the company’s stock worth $74,000 after purchasing an additional 374 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Harley-Davidson by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 38,886 shares of the company’s stock worth $1,286,000 after purchasing an additional 384 shares in the last quarter. 82.29% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

(Get Free Report)

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, and dual models, as well as motorcycle parts, accessories, and apparel, as well as licenses its trademarks and related services.

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

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