May 10, 2023 – Harley-Davidson’s impressive earnings report has been making waves in the stock market as investors contend with the positive results. The motorcycle company released its quarterly earnings results on Thursday, April 27th, reporting $2.04 EPS for the quarter; an astounding $0.62 above analysts’ consensus estimates of $1.42.
Coupled with these remarkable earnings, was a surprising increase in revenue from $1.38 billion to $1.79 billion compared to the prior year – representing a growth rate of nearly 20%. The net margin also rose to an impressive 14.08%. Moreover, there were commendable increases in the return on equity (28.68%). These developments show that Harley-Davidson is maintaining momentum even amidst unprecedented times.
An increase in revenue accompanied by a higher return on equity would typically prompt most public companies to reward their shareholders with generous dividends. Harley-Davidson followed this cue and announced a new quarterly dividend for its shareholders of record on Friday, March 3rd, which was paid on Monday, March 20th.
Additionally, the ex-dividend date was Thursday, March 2nd. This move represents an uptick from Harley-Davidson’s previous quarterly dividend amounting to only $0.16; it now stands at $0.165 per share – which yields a highly attractive annualized rate of 1.85%.
The company’s P/E (price-to-earnings) ratio is estimated at approximately 6.41 while its beta measures at a formidable 1.35 – implying that shareholders could expect high returns over time if they stick around long enough.
Despite higher than usual initial drawdown during the ongoing economic recession induced by Covid-19, Harley-Davidson appears to be bouncing back as new motorcycle sales slowly pick up once again worldwide and demand begins to rise.
In summary, Harley-Davidson has made some notable progress in recent times. The company’s exceptional revenue growth coupled with an impressive return on equity shows that it is firmly on the road to recovery from the pandemic’s effects. As the company continues to reward its shareholders by increasing dividends and contributing to a healthy financial environment, investors can feel optimistic about its long-term prospects.
Harley-Davidson, Inc. Attracts Buzz with Q2 2023 Earnings Estimates and Positive Ratings from Various Research Firms
Harley-Davidson, Inc. (NYSE:HOG) is attracting a lot of buzz these days, thanks to the release of Q2 2023 earnings estimates by DA Davidson on May 8th. According to B. Rolle, analysts at DA Davidson, the company could potentially earn $1.46 per share for the quarter. They have also issued FY2023 estimates at $4.60 EPS, while the consensus estimate for Harley-Davidson’s current full-year earnings stands at $4.69 per share.
Recently, several other research firms including Citigroup, Jefferies Financial Group, Morgan Stanley, Bank of America and Robert W. Baird have all reviewed and offered their ratings on HOG shares with a mix of neutral and positive ratings.
TD Capital Management LLC, Lazard Asset Management LLC, Ameritas Advisory Services LLC , Ellevest Inc., and Global Retirement Partners LLC are among the institutional investors who have recently bought and sold HOG shares.
As interest in HOG continues to grow stronger despite changes to environmental regulations impacting sales in recent years; it will be interesting to keep an eye on future developments in this popular motorcycle company. With high-profile institutions continuing to show steady support for HOG amid an ever-shifting landscape in global markets; we may see any number of potential surprises come next summer when Q2 figures end up being tallied into black or red marks depending upon how well Harley-Davidson fares overall for its current year’s fiscal performance.
