Zacks Research Lowers Earnings Estimates for Harley-Davidson

Key Points

• Zacks Research cut its Q2 2027 EPS forecast for Harley-Davidson to $0.78 from $0.96. It also forecasts $0.72 EPS for Q2 2028 and $1.66 for FY2028.
• Harley-Davidson’s latest quarter missed earnings expectations, reporting $0.40 per share versus the $0.47 consensus. Revenue was $1.08 billion, up slightly on estimates but down 19.3% year over year.
• Analyst views are mixed: MarketBeat reports a consensus rating of Hold and an average price target of $30.58.

Harley-Davidson, Inc. (NYSE:HOG - Free Report) - Research analysts at Zacks Research decreased their Q2 2027 earnings estimates for Harley-Davidson in a note issued to investors on Thursday, November 12th. Zacks Research analyst Team now forecasts that the company will post earnings of $0.78 per share for the quarter, down from their prior estimate of $0.96. The consensus estimate for Harley-Davidson's current full-year earnings is $0.71 per share. Zacks Research also issued estimates for Harley-Davidson's Q2 2028 earnings at $0.72 EPS and FY2028 earnings at $1.66 EPS.

Harley-Davidson (NYSE:HOG - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.07). Harley-Davidson had a negative net margin of 3.31% and a negative return on equity of 4.26%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business posted $3.10 earnings per share. The firm's quarterly revenue was down 19.3% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. DA Davidson raised their target price on shares of Harley-Davidson from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Evercore raised Harley-Davidson from an "underperform" rating to an "outperform" rating and set a $33.00 price target on the stock in a research report on Monday, October 5th. Wall Street Zen lowered Harley-Davidson from a "hold" rating to a "sell" rating in a report on Saturday, October 31st. Loop Capital raised Harley-Davidson from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a research report on Monday, July 20th. Finally, Weiss Ratings cut Harley-Davidson from a "hold (c)" rating to a "sell (d+)" rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $30.58.

Harley-Davidson Trading Down 4.3%

NYSE HOG opened at $32.50 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.97 and a debt-to-equity ratio of 0.43. The firm has a market cap of $3.28 billion, a PE ratio of -30.37, a price-to-earnings-growth ratio of 10.23 and a beta of 1.29. The company has a 50 day moving average price of $28.22 and a 200 day moving average price of $24.54. Harley-Davidson has a 52 week low of $17.09 and a 52 week high of $34.84.

Institutional Investors Weigh In On Harley-Davidson

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new position in shares of Harley-Davidson in the 2nd quarter valued at $942,000. Robinson Value Management Ltd. purchased a new position in Harley-Davidson in the 1st quarter worth $3,215,000. Jefferies Financial Group Inc. acquired a new stake in Harley-Davidson during the 2nd quarter worth about $992,000. Sei Investments Co. lifted its position in Harley-Davidson by 100.8% during the 1st quarter. Sei Investments Co. now owns 228,009 shares of the company's stock worth $4,608,000 after acquiring an additional 114,441 shares during the period. Finally, Empowered Funds LLC lifted its position in Harley-Davidson by 303.4% during the 1st quarter. Empowered Funds LLC now owns 465,085 shares of the company's stock worth $9,404,000 after acquiring an additional 349,797 shares during the period. 85.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Harley-Davidson news, CFO Jonathan Root sold 1,559 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $24.43, for a total transaction of $38,086.37. Following the transaction, the chief financial officer owned 24,733 shares in the company, valued at approximately $604,227.19. This represents a 5.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.97% of the company's stock.

Harley-Davidson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 15th. Harley-Davidson's payout ratio is currently -70.09%.

About Harley-Davidson

Harley-Davidson, Inc. designs, manufactures and sells heavyweight motorcycles under the Harley-Davidson brand. Founded in Milwaukee in 1903, the company also offers motorcycle parts, accessories, riding gear and branded apparel. The company serves customers in North America and international markets, including Europe, Asia Pacific and Latin America. Its Harley-Davidson Financial Services business provides financing and insurance products to motorcycle buyers and dealers. Harley-Davidson is headquartered in Milwaukee, Wisconsin, and maintains a majority ownership interest in LiveWire, an electric-motorcycle business.

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