Brokers Set Expectations for Harley-Davidson, Inc.'s Q1 2024 Earnings (NYSE:HOG)

Harley-Davidson, Inc. (NYSE:HOG - Free Report) - Equities research analysts at Zacks Research reduced their Q1 2024 earnings per share (EPS) estimates for Harley-Davidson in a report issued on Wednesday, April 17th. Zacks Research analyst L. Shahu now forecasts that the company will earn $1.48 per share for the quarter, down from their previous 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.

Harley-Davidson (NYSE:HOG - Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.04 by $0.14. The company had revenue of $791.65 million during the quarter, compared to analyst estimates of $875.29 million. Harley-Davidson had a return on equity of 22.00% and a net margin of 12.11%. The firm's revenue was down 13.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share.

Other equities research analysts also recently issued research reports about the company. Citigroup upped their target price on Harley-Davidson from $36.00 to $37.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 27th. Bank of America upped 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. UBS Group upped their target price on Harley-Davidson from $29.00 to $39.00 and gave the stock a "neutral" rating in a research report on Friday, February 16th. BMO Capital Markets upped 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. Finally, DA Davidson upped 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.67.

Harley-Davidson Trading Down 0.3 %

NYSE:HOG traded down $0.12 on Thursday, hitting $37.82. 1,778,484 shares of the stock were exchanged, compared to its average volume of 1,663,118. The stock has a market cap of $5.09 billion, a PE ratio of 7.85, a PEG ratio of 2.54 and a beta of 1.43. 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 fifty day moving average of $39.81 and a 200-day moving average of $34.66. Harley-Davidson has a fifty-two week low of $25.43 and a fifty-two week high of $44.16.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Harley-Davidson by 1.5% in the first quarter. BlackRock Inc. now owns 12,727,257 shares of the company's stock valued at $501,454,000 after purchasing an additional 194,089 shares during the last quarter. Boston Partners raised its stake in Harley-Davidson by 10.1% during the fourth quarter. Boston Partners now owns 7,206,167 shares of the company's stock valued at $265,398,000 after buying an additional 659,654 shares in the last quarter. Jupiter Asset Management Ltd. raised its stake in Harley-Davidson by 0.4% during the third quarter. Jupiter Asset Management Ltd. now owns 5,355,504 shares of the company's stock valued at $177,053,000 after buying an additional 22,595 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Harley-Davidson by 15.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company's stock valued at $193,115,000 after buying an additional 689,363 shares in the last quarter. Finally, State Street Corp raised its stake in Harley-Davidson by 5.6% during the first quarter. State Street Corp now owns 4,111,284 shares of the company's stock valued at $161,985,000 after buying an additional 216,545 shares in the last quarter. Hedge funds and other institutional investors own 85.10% of the company's stock.

Harley-Davidson Increases Dividend

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

Harley-Davidson Company Profile

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.