Harley-Davidson Posts -33% Drop in Q4 Profit; Results Shy of Wall Street Forecast (HOG)
On Tuesday motorcycle maker Harley-Davidson, Inc. (HOG) reported a dip in fourth quarter earnings, just missing the Wall Street view, due to weak motorcycle sales.
The Milwaukee, Wisconsin-based company said its forth quarter profit declined -33% to $70.65 million, or 31 cents per share, down from $105.68 million, or 46 cents per share, earned in the same period a year earlier.
Profit was down partially due to a slight decline in fourth quarter sales, which came in at $1.01 billion.
According to analysts polled by Thomson Reuters, HOG just missed the EPS estimate of 32 cents while revenue beat the view of $976.71 million.
Harley-Davidson shares were down slightly during pre-market trading on Tuesday. The stock is up +19.98% over the past year.
The Bottom Line
Shares of Harley-Davidson (HOG) have a dividend yield of 1.17% based on last night’s closing price of $53.20.
Harley-Davidson, Inc. (HOG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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