Harley-Davidson (NYSE:HOG) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Harley-Davidson (NYSE:HOG) issued its quarterly earnings results on Thursday. The company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.24, reports. Harley-Davidson had a net margin of 11.03% and a return on equity of 19.48%. The company had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.42 billion.

Harley-Davidson Stock Up 4.6 %

Shares of NYSE:HOG opened at $34.75 on Friday. The firm has a fifty day moving average price of $39.81 and a two-hundred day moving average price of $34.93. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.54 and a quick ratio of 1.25. Harley-Davidson has a one year low of $25.43 and a one year high of $44.16. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 7.72, a PEG ratio of 2.16 and a beta of 1.43.

Harley-Davidson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Monday, March 4th were issued a $0.1725 dividend. This represents a $0.69 annualized dividend and a yield of 1.99%. 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 presently 15.33%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HOG. UBS Group raised their price target on shares of Harley-Davidson from $29.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, February 16th. Citigroup lifted their price objective on shares of Harley-Davidson from $36.00 to $37.00 and gave the company a “neutral” rating in a research note on Tuesday, February 27th. DA Davidson lifted their price objective on shares of Harley-Davidson from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Bank of America lifted their price objective on shares of Harley-Davidson from $50.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets reduced their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Harley-Davidson currently has an average rating of “Moderate Buy” and a consensus target price of $46.43.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HOG. Quadrant Capital Group LLC boosted its holdings in Harley-Davidson by 95.0% in 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 period. BKM Wealth Management LLC bought a new position in Harley-Davidson in the 4th quarter valued at $36,000. Principal Securities Inc. bought a new position in Harley-Davidson in the 4th quarter valued at $38,000. Lindbrook Capital LLC boosted its holdings in Harley-Davidson by 66.7% in the 4th quarter. Lindbrook Capital LLC now owns 1,057 shares of the company’s stock valued at $39,000 after purchasing an additional 423 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in Harley-Davidson in the 1st quarter valued at $39,000. 85.10% of the stock is owned by institutional investors.

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.