Harley-Davidson (HOG) Releases Quarterly Earnings Results, Misses Expectations By $0.16 EPS

Harley-Davidson (NYSE:HOG) released its quarterly earnings data on Tuesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.16), MarketWatch Earnings reports. The company had revenue of $955.63 billion for the quarter, compared to the consensus estimate of $1.05 billion. Harley-Davidson had a net margin of 9.30% and a return on equity of 30.76%. The company’s quarterly revenue was up 91173.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS.

Shares of HOG opened at $36.48 on Thursday. Harley-Davidson has a fifty-two week low of $31.36 and a fifty-two week high of $51.11. The firm has a market capitalization of $5.66 billion, a P/E ratio of 9.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 2.76.

Several research firms have recently issued reports on HOG. Wedbush reduced their price objective on shares of Harley-Davidson from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, October 4th. Royal Bank of Canada reduced their price objective on shares of Harley-Davidson from $45.00 to $43.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 17th. Goldman Sachs Group set a $45.00 price objective on shares of Harley-Davidson and gave the company a “hold” rating in a research report on Tuesday, October 16th. William Blair reiterated a “market perform” rating on shares of Harley-Davidson in a research report on Tuesday. Finally, ValuEngine cut shares of Harley-Davidson from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $44.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Claybrook Capital LLC increased its position in Harley-Davidson by 41.3% in the third quarter. Claybrook Capital LLC now owns 1,710 shares of the company’s stock worth $138,000 after purchasing an additional 500 shares during the last quarter. Comerica Securities Inc. bought a new stake in Harley-Davidson in the third quarter worth $202,000. IFG Advisory LLC bought a new stake in Harley-Davidson in the third quarter worth $206,000. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in Harley-Davidson in the third quarter worth $208,000. Finally, Sowell Financial Services LLC bought a new stake in Harley-Davidson in the third quarter worth $209,000. Institutional investors own 88.35% of the company’s stock.

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Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

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Earnings History for Harley-Davidson (NYSE:HOG)

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