Zacks Research Cuts Earnings Estimates for Harley-Davidson

Key Points

• Zacks Research cut its Q3 2027 earnings estimate for Harley-Davidson to $0.67 per share from $0.69 and kept a Hold rating on the stock.
• Broader analyst sentiment remains cautious: the stock’s consensus rating is still Hold, with a consensus price target of $24.22, though some firms have recently raised targets while others downgraded the name.
• Harley-Davidson’s latest quarterly results were mixed, as it missed EPS estimates but posted revenue above expectations; the company also announced a quarterly dividend of $0.1875 per share, yielding about 2.9% annualized.

Harley-Davidson, Inc. (NYSE:HOG - Free Report) - Analysts at Zacks Research reduced their Q3 2027 earnings per share estimates for shares of Harley-Davidson in a report released on Wednesday, June 10th. Zacks Research analyst Team now anticipates that the company will earn $0.67 per share for the quarter, down from their previous estimate of $0.69. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for Harley-Davidson's current full-year earnings is $0.39 per share. Zacks Research also issued estimates for Harley-Davidson's Q4 2027 earnings at ($1.01) EPS, FY2027 earnings at $1.61 EPS, Q1 2028 earnings at $0.79 EPS and FY2028 earnings at $1.63 EPS.

Several other equities research analysts have also weighed in on the company. Citigroup increased their target price on Harley-Davidson from $23.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Argus raised Harley-Davidson to a "strong-buy" rating in a research report on Tuesday, February 17th. UBS Group increased their target price on Harley-Davidson from $19.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, May 11th. DA Davidson decreased their price target on Harley-Davidson from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Finally, Wall Street Zen cut Harley-Davidson from a "hold" rating to a "sell" rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $24.22.

Harley-Davidson Price Performance

Shares of NYSE HOG opened at $25.82 on Friday. Harley-Davidson has a 1-year low of $17.09 and a 1-year high of $31.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.91 and a quick ratio of 1.66. The business's fifty day moving average price is $23.69 and its two-hundred day moving average price is $21.60. The firm has a market capitalization of $2.72 billion, a PE ratio of 14.67, a P/E/G ratio of 14.82 and a beta of 1.26.

Harley-Davidson (NYSE:HOG - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.12). Harley-Davidson had a return on equity of 7.03% and a net margin of 5.68%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business earned $1.07 earnings per share. Harley-Davidson's quarterly revenue was down 11.7% on a year-over-year basis.

Hedge Funds Weigh In On Harley-Davidson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Harley-Davidson in the 4th quarter valued at $25,766,000. Vanguard Group Inc. boosted its position in shares of Harley-Davidson by 7.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,958,561 shares of the company's stock valued at $361,544,000 after purchasing an additional 886,998 shares during the period. WINTON GROUP Ltd boosted its position in shares of Harley-Davidson by 449.9% in the 3rd quarter. WINTON GROUP Ltd now owns 295,687 shares of the company's stock valued at $8,250,000 after purchasing an additional 241,918 shares during the period. Algert Global LLC acquired a new position in shares of Harley-Davidson in the 3rd quarter valued at $17,246,000. Finally, SG Americas Securities LLC boosted its position in shares of Harley-Davidson by 1,277.0% in the 4th quarter. SG Americas Securities LLC now owns 1,094,119 shares of the company's stock valued at $22,418,000 after purchasing an additional 1,014,660 shares during the period. Institutional investors and hedge funds own 85.10% of the company's stock.

Insider Activity

In related news, insider Paul J. Krause sold 1,564 shares of the firm's stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $26.00, for a total transaction of $40,664.00. Following the completion of the transaction, the insider owned 30,012 shares of the company's stock, valued at $780,312. This trade represents a 4.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jonathan R. Root sold 1,554 shares of the firm's stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $24.21, for a total value of $37,622.34. Following the transaction, the chief financial officer directly owned 32,508 shares of the company's stock, valued at $787,018.68. This represents a 4.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.97% of the company's stock.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Monday, June 8th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Monday, June 8th. This represents a $0.75 annualized dividend and a yield of 2.9%. Harley-Davidson's dividend payout ratio (DPR) is currently 42.61%.

More Harley-Davidson News

Here are the key news stories impacting Harley-Davidson this week:

• Positive Sentiment: Zacks Research raised its FY2027 earnings estimate for Harley-Davidson to $1.61 per share from $1.56, signaling improved profit expectations for the company. Harley-Davidson estimate update
• Positive Sentiment: The firm also increased its Q1 2028 EPS forecast to $0.79 from $0.78 and lifted FY2028 estimates to $1.63 from $1.49, reinforcing a more optimistic longer-term earnings outlook. Harley-Davidson estimate update
• Positive Sentiment: Harley-Davidson said it is bringing Revolution Max production back to U.S. facilities, a move that may support supply-chain control and manufacturing flexibility. Harley-Davidson production article
• Neutral Sentiment: Harley-Davidson received additional visibility from a review of the 2026 Super Glide, which is supportive of brand awareness but not likely to materially change fundamentals. 2026 Harley-Davidson Super Glide review
• Neutral Sentiment: Indian Motorcycle’s ad mocking CEO Artie Starrs sparked online chatter and a possible rivalry-driven social media campaign, but the market impact looks limited for now. Indian Motorcycle ad article
• Negative Sentiment: Zacks also trimmed some near-term earnings estimates, including Q1 2027 to $0.66 from $0.70 and Q4 2027 to a loss of $1.01 from a loss of $0.95, which suggests some upcoming quarterly pressure. Harley-Davidson estimate update

About Harley-Davidson

Harley-Davidson, Inc is a renowned American motorcycle manufacturer best known for its heavyweight cruiser and touring bikes. Founded in 1903 in Milwaukee, Wisconsin, the company has built a strong reputation for producing distinctive motorcycles characterized by their signature V-twin engines, chrome finishes and robust frames. Harley-Davidson markets its products globally through a network of franchised dealerships and focuses on delivering an immersive brand experience to its customers, emphasizing lifestyle and community alongside its motorcycles.

In addition to its core motorcycle business, Harley-Davidson offers an extensive range of parts, accessories and apparel under its Genuine Motor Parts & Accessories and MotorClothes lines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.