Zacks Research Expects Lower Earnings for Harley-Davidson

Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at Zacks Research decreased their FY2025 earnings per share (EPS) estimates for Harley-Davidson in a note issued to investors on Wednesday, October 16th. Zacks Research analyst R. Singhi now forecasts that the company will post earnings per share of $4.27 for the year, down from their previous forecast of $4.74. The consensus estimate for Harley-Davidson’s current full-year earnings is $4.19 per share. Zacks Research also issued estimates for Harley-Davidson’s Q4 2025 earnings at $0.12 EPS, Q1 2026 earnings at $1.89 EPS, Q2 2026 earnings at $1.56 EPS and Q3 2026 earnings at $1.47 EPS.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Thursday, July 25th. The company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.23. Harley-Davidson had a return on equity of 20.33% and a net margin of 11.92%. The firm had revenue of $1.62 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business posted $1.22 earnings per share. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis.

HOG has been the topic of several other reports. Citigroup raised their price objective on Harley-Davidson from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, September 19th. Robert W. Baird lowered Harley-Davidson from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $40.00 in a research report on Wednesday, October 2nd. Baird R W lowered Harley-Davidson from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Bank of America dropped their target price on Harley-Davidson from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, UBS Group increased their target price on Harley-Davidson from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.00.

Harley-Davidson Stock Performance

Shares of HOG opened at $36.22 on Friday. The business’s fifty day moving average price is $36.79 and its 200 day moving average price is $36.10. Harley-Davidson has a 12-month low of $25.43 and a 12-month high of $44.16. The stock has a market capitalization of $4.87 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.50 and a quick ratio of 1.32.

Harley-Davidson announced that its Board of Directors has approved a share buyback program on Thursday, July 25th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 19.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Harley-Davidson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a dividend of $0.1725 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Monday, September 16th. Harley-Davidson’s payout ratio is currently 15.33%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Harley-Davidson by 19.0% during the 2nd quarter. GAMMA Investing LLC now owns 2,008 shares of the company’s stock worth $67,000 after acquiring an additional 320 shares during the period. Fifth Third Bancorp boosted its position in Harley-Davidson by 19.5% during the 2nd quarter. Fifth Third Bancorp now owns 1,970 shares of the company’s stock worth $66,000 after acquiring an additional 322 shares during the period. Toronto Dominion Bank boosted its position in Harley-Davidson by 0.7% during the 1st quarter. Toronto Dominion Bank now owns 51,975 shares of the company’s stock worth $2,273,000 after acquiring an additional 345 shares during the period. Retirement Systems of Alabama boosted its position in Harley-Davidson by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 159,149 shares of the company’s stock worth $6,961,000 after acquiring an additional 420 shares during the period. Finally, Signaturefd LLC boosted its position in Harley-Davidson by 46.8% during the 2nd quarter. Signaturefd LLC now owns 1,872 shares of the company’s stock worth $63,000 after acquiring an additional 597 shares during the period. 85.10% of the stock is owned by institutional investors and hedge funds.

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.