Harley-Davidson, Inc. (NYSE:HOG) to Post Q1 2024 Earnings of $1.48 Per Share, Zacks Research Forecasts

Harley-Davidson, Inc. (NYSE:HOG) – Equities researchers at Zacks Research dropped their Q1 2024 earnings per share (EPS) estimates for shares of Harley-Davidson in a research report issued to clients and investors on Wednesday, April 17th. Zacks Research analyst L. Shahu now expects that the company will earn $1.48 per share for the quarter, down from their prior forecast of $1.62. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.22 per share. Zacks Research also issued estimates for Harley-Davidson’s Q2 2024 earnings at $1.26 EPS, Q3 2024 earnings at $1.19 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $4.05 EPS, Q3 2025 earnings at $1.33 EPS, Q4 2025 earnings at $0.59 EPS, FY2025 earnings at $4.75 EPS and FY2026 earnings at $5.13 EPS.

HOG has been the subject of several other research reports. BMO Capital Markets increased their target price on Harley-Davidson from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. Bank of America increased their target price on Harley-Davidson from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, March 14th. DA Davidson increased their target price on Harley-Davidson from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. UBS Group upped their price target on Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Finally, Citigroup upped their price target on Harley-Davidson from $36.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 27th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.67.

Harley-Davidson Stock Down 0.3 %

Shares of NYSE:HOG opened at $37.82 on Thursday. Harley-Davidson has a 52-week low of $25.43 and a 52-week high of $44.16. The firm has a market capitalization of $5.09 billion, a P/E ratio of 7.85, a P/E/G ratio of 2.54 and a beta of 1.43. The stock has a 50 day moving average price of $39.81 and a 200-day moving average price of $34.66. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.25 and a current ratio of 1.53.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.14. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The business had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. During the same quarter in the prior year, the company posted $0.28 EPS. Harley-Davidson’s quarterly revenue was down 13.8% compared to the same quarter last year.

Institutional Trading of Harley-Davidson

Several institutional investors have recently added to or reduced their stakes in HOG. Quadrant Capital Group LLC boosted its stake in Harley-Davidson by 95.0% during the 4th quarter. Quadrant Capital Group LLC now owns 788 shares of the company’s stock valued at $29,000 after purchasing an additional 384 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Harley-Davidson in the 1st quarter worth $31,000. BKM Wealth Management LLC purchased a new position in shares of Harley-Davidson in the 4th quarter worth $36,000. Principal Securities Inc. purchased a new position in shares of Harley-Davidson in the 4th quarter worth $38,000. Finally, Lindbrook Capital LLC boosted its stake in shares of Harley-Davidson by 66.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock worth $39,000 after buying an additional 423 shares during the last quarter. 85.10% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were paid a dividend of $0.1725 per share. This represents a $0.69 annualized dividend and a yield of 1.82%. This is an increase from Harley-Davidson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, March 1st. Harley-Davidson’s dividend payout ratio (DPR) is currently 14.32%.

About Harley-Davidson

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.