Harley-DavidsonNYSE: HOG

Webcast Conference Call Scheduled for 8 a.m. CDT MILWAUKEE , July 3, 2024 /PRNewswire/ -- Harley-Davidson, Inc. (NYSE: HOG) will release its second quarter 2024 financial results before market hours Thursday, July 25, 2024.

Harley-Davidson, Inc. is likely a deep value opportunity after its sluggish performance in the past three years. We think the company's valuation metrics have realigned. Our judgment call of Harley-Davidson's key drivers suggests a fundamental inflection point might emerge.

Harley-Davidson stock currently trades at $35 per share, around 32% below its level of $52 seen on May 17, 2021 (pre-inflation shock high), and appears to be undervalued. On the other hand, Ford stock is down by about 12% over the same period.

The Board of Directors of Harley-Davidson, Inc. has authorized a cash dividend of $0.1725 per share for the second quarter of 2024. The dividend will be paid on June 21, 2024 to shareholders of record as of June 5, 2024.

Harley Davidson (HOG) anticipates that revenues from HDMC in 2024 will remain steady or decrease by up to 9%, with an operating income margin projected to be between 12.6% and 13.6%.

Harley-Davidson (HOG) saw a significant decline in its stock value on Thursday following a decrease in global demand reported for the first quarter.

The financial results of Harley-Davidson in the first quarter of 2024 provide an indication of the company's performance, but it could be beneficial to also analyze its important figures against analyst predictions and the results from the same period last year.

Harley-Davidson (HOG) reported earnings of $1.72 per share for the quarter, surpassing the Zacks Consensus Estimate of $1.48 per share. This is lower than the $2.04 per share earnings reported in the same period last year.

Harley-Davidson Inc.'s stock, with the ticker symbol HOG, rose by 2.7% in premarket trading on Thursday following the company's first-quarter earnings report that exceeded analyst expectations due to increased sales in North America. Net income for the quarter ending on March 31 decreased to $234.94 million, or $1.72 per share, compared to $304.09 million, or $2.04 per share, in the same quarter last year.