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Harley-Davidson Inc. HOG said Wednesday its board has approved an additional share buyback authorization of up to 10 million shares. The new authorization is on top of the existing program, which had 5.8 million shares remaining as of June 30.
Shares of Harley-Davidson Inc. HOG, -1.07% was indicated down about 0.2% in premarket trading Tuesday, in the wake of the motorcycle maker's recall of more than 65,000 motorcycles to fix rear shock absorbers. “A fastener securing the rear shock absorber may break and allow the rear shock absorber adjuster to damage the rear tire, causing a loss of tire pressure,” according to a notice from the U.S. National Highway Traffic Safety Administration.
Schaeffer's Options Advisor subscribers saw a 100% profit with our Harley-Davidson Inc (NYSE:HOG) November 39 put in less than a month.
Harley-Davidson is a forgotten brand-name investment idea for many, after years of going nowhere fast, riding around in circles. The company is quite inexpensive on a number of financial performance ratios, including attractive enterprise valuations. The earnings yield argument suggests owning Harley-Davidson shares at the current quote may produce outsized returns over the next 12-18 months.
Indian bike maker Hero MotoCorp on Tuesday said it received over 25,000 bookings for the world's cheapest Harley Davidson motorcycle, sending shares up over 3%.
Harley-Davidson (HOG) expects revenues from the HDMC segment to be flat to up 3% in 2023, down from the previous projection of 4-7% growth.
Harley-Davidson said on Thursday that pre-orders were "exceeding expectations" for a new model the U.S. big-bike maker launched this month in India in partnership with a local manufacturer.
Although the revenue and EPS for Harley-Davidson (HOG) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Harley-Davidson (HOG) came out with quarterly earnings of $1.22 per share, missing the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.46 per share a year ago.
Thursday morning, Harley-Davidson reported Q2 earnings per share of $1.22. Wall Street was looking for $1.24 a share.