Harley-Davidson Posts -33% Drop in Q4 Profit; Results Shy of Wall Street Forecast (HOG)

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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today