FY2024 Earnings Forecast for Harley-Davidson, Inc. (NYSE:HOG) Issued By DA Davidson

Harley-Davidson, Inc. (NYSE:HOGFree Report) – Equities research analysts at DA Davidson lowered their FY2024 EPS estimates for Harley-Davidson in a research note issued to investors on Wednesday, June 12th. DA Davidson analyst B. Rolle now forecasts that the company will post earnings per share of $3.90 for the year, down from their previous forecast of $4.70. DA Davidson has a “Buy” rating and a $49.00 price objective on the stock. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.48 per share. DA Davidson also issued estimates for Harley-Davidson’s FY2025 earnings at $4.55 EPS.

Other research analysts have also recently issued reports about the stock. Citigroup decreased their price objective on shares of Harley-Davidson from $36.00 to $34.00 and set a “neutral” rating on the stock in a research note on Wednesday. Morgan Stanley began coverage on shares of Harley-Davidson in a research note on Tuesday, April 23rd. They issued an “overweight” rating and a $50.00 price objective on the stock. 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 decreased their price objective on shares of Harley-Davidson from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Harley-Davidson presently has a consensus rating of “Moderate Buy” and an average price target of $46.00.

Read Our Latest Research Report on HOG

Harley-Davidson Stock Down 1.9 %

NYSE HOG opened at $32.52 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.32 and a debt-to-equity ratio of 1.50. Harley-Davidson has a 1-year low of $25.43 and a 1-year high of $44.16. The company has a 50 day moving average of $36.16 and a 200-day moving average of $36.38. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 7.23, a PEG ratio of 1.07 and a beta of 1.47.

Harley-Davidson (NYSE:HOGGet Free Report) last released its quarterly earnings results on Thursday, April 25th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.24. 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 the consensus estimate of $1.42 billion.

Harley-Davidson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Wednesday, June 5th will be paid a dividend of $0.1725 per share. The ex-dividend date of this dividend is Wednesday, June 5th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.12%. Harley-Davidson’s payout ratio is presently 15.33%.

Institutional Trading of Harley-Davidson

A number of hedge funds and other institutional investors have recently modified their holdings of HOG. Norges Bank acquired a new position in shares of Harley-Davidson during the fourth quarter worth $51,860,000. Dimensional Fund Advisors LP lifted its holdings in shares of Harley-Davidson by 15.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,241,888 shares of the company’s stock worth $193,115,000 after purchasing an additional 689,363 shares during the period. Boston Partners lifted its holdings in shares of Harley-Davidson by 10.1% during the fourth quarter. Boston Partners now owns 7,206,167 shares of the company’s stock worth $265,398,000 after purchasing an additional 659,654 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Harley-Davidson by 917.7% during the third quarter. AQR Capital Management LLC now owns 669,028 shares of the company’s stock worth $22,118,000 after purchasing an additional 603,286 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Harley-Davidson by 3.5% during the first quarter. Vanguard Group Inc. now owns 13,428,716 shares of the company’s stock worth $587,372,000 after purchasing an additional 452,536 shares during the period. Institutional investors own 85.10% of the company’s stock.

Harley-Davidson Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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