Harley-Davidson Inc (NYSE:HOG) announced a quarterly dividend on Monday, May 1st. Stockholders of record on Thursday, May 25th will be given a dividend of 0.365 per share on Friday, June 9th. This represents a $ 1.46 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Tuesday, May 23rd.
Harley-Davidson has raised its dividend by an average of 7.7% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Harley-Davidson has a dividend payout ratio of 38.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Harley-Davidson to earn $ 4.15 per share next year, which means the company should continue to be able to cover its $ 1.46 annual dividend with an expected future payout ratio of 35.2%.
Harley-Davidson (NYSE:HOG) traded up 0.89% during midday trading on Friday, hitting $ 52.32. 1,797,835 shares of the stock traded hands. The stock has a market cap of $ 9.21 billion, a price-to-earnings ratio of 14.92 and a beta of 0.88. The company has a 50-day moving average price of $ 56.13 and a 200 day moving average price of $ 58.32. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period last year, the firm posted $ 1.36 EPS. Harley-Davidson’s revenue for the quarter was down 15.7% on a year-over-year basis. Equities research analysts anticipate that Harley-Davidson will post $ 3.76 earnings per share for the current year.
HOG has been the topic of several research reports. Citigroup Inc lowered their price objective on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 price objective (down from $ 61.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Royal Bank of Canada raised their price objective on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 55.00 price objective (down from $ 57.00) on shares of Harley-Davidson in a research report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the stock. Harley-Davidson has a consensus rating of “Hold” and an average target price of $ 56.12.
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Harley-Davidson Company Profile
Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which 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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