vesilvio This article revises our outlook on Harley-Davidson, Inc. (NYSE:HOG) and its stock. We last covered the asset in June 2021, stating that it outperformed its fundamental capacity. We were correct with our call. However, numerous systematic and idiosyncratic variables have shifted since then, prompting us to revisit our stance on Harley-Davidson. Our Previous Article (Seeking Alpha) After revisiting the stock, we decided to upgrade Harley-Davidson to a buy from our previous sell rating; here's ...

Spearheaded by the Harley-Davidson Foundation and designed by acclaimed designers Heatherwick Studio, Davidson Park will benefit employees, local community and visitors to Milwaukee  MILWAUKEE, June 24, 2024 /PRNewswire/ -- Harley-Davidson, Inc. ("Harley-Davidson" or "H-D") (NYSE: HOG) today formally unveiled the newly created community park, Davidson Park ("the Park"), at its iconic Juneau Avenue campus in Milwaukee.  The project, pioneered by the Harley-Davidson Foundation ("the Foundation"), has been cre ...

JILIN, CHINA - APRIL 13, 2024 - Harley motorcycle owners parade at a high-speed exit in Jilin City, ... [+] Jilin province, China, April 13, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images)Future Publishing via Getty ImagesHarley-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. Harley saw its stock ...

MILWAUKEE, May 17, 2024  /PRNewswire/ -- The Harley-Davidson, Inc. (NYSE: HOG) Board of Directors has approved a cash dividend of $0.1725 per share for the second quarter of 2024. The dividend is payable June 21, 2024 to the shareholders of record of the Company's common stock as of June 5, 2024.Harley-Davidson, Inc. is the parent company of Harley-Davidson Motor Company and Harley-Davidson Financial Services.### (HOG-DIVIDEND)SOURCE Harley-Davidson, Inc. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9183 Harley-Davidson, Inc. (Exact name of registrant as specified in its charter) | Wisconsin | | 39-1382325 | | --- | --- | --- | | (State of o ...

Harley-Davidson, Inc. (HOG) reported first-quarter 2024 adjusted earnings of $1.72 per share, which beat the Zacks Consensus Estimate of $1.48 but fell 16% year over year. The motorcycle manufacturer generated consolidated revenues (including motorcycle sales and financial services revenues) of $1.73 billion, down 3% from the prior-year quarter.Segmental HighlightsHarley-Davidson Motor Company (HDMC): Total revenues from the Motorcycle and Related Products segment, constituting the bulk of the firm’s overal ...

Key TakeawaysInternational sales of Harley-Davidson motorcycles slumped, sending shares plunging.The company's new touring models didn't arrive at international dealerships until the end of the quarter.Despite the international sales decline, Harley-Davidson posted better-than-expected earnings and revenue in the first quarter. Shares of Harley-Davidson (HOG) plunged on Thursday after the motorcycle manufacturer announced a big drop in international demand during the first quarter. The company's stock was ...

Financial Data and Key Metrics Changes - Consolidated revenue in Q1 2024 decreased by 3%, driven by a 5% decline in HDMC revenue, partially offset by a 12% growth in HDFS revenue [24] - Consolidated operating income fell by 29%, with HDMC down 29% and HDFS down 8%, while LiveWire reported an operating loss of $29 million [24] - Q1 earnings per share was $1.72, with global retail sales of new motorcycles flat compared to the prior year [25] Business Line Data and Key Metrics Changes - HDMC revenue decreased by 5% in Q1, with a decline attributed to decreased wholesale volume and pricing adjustments [27] - HDFS revenue increased by $26 million or 12%, driven by higher retail and commercial finance receivables [30] - LiveWire segment revenue decreased despite higher unit sales due to product mix and a change in retail partner strategy, resulting in an operating loss of $29 million [32] Market Data and Key Metrics Changes - North America saw a 6% growth in retail sales, while EMEA and Asia Pacific experienced declines of 11% and 12% respectively [25][26] - Dealer inventory at the end of Q1 was up approximately 26% compared to the end of Q1 2023, indicating a healthy position as the riding season approaches [26] Company Strategy and Development Direction - The company is focused on its Hardwire strategy, emphasizing profit focus, product redevelopment, and expanding its electric vehicle offerings through LiveWire [8][14] - The launch of the new Street Glide and Road Glide models is seen as a significant investment and a key driver for future growth [10][11] - The company aims to return excess free cash flow to shareholders through share repurchases and dividends, having returned nearly $1 billion since 2022 [20][33] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the impact of high interest rates on consumer confidence and affordability but noted positive customer enthusiasm for motorcycles [6] - The outlook for HDMC expects retail units to be flat to up 9%, with wholesale unit shipments projected to decline between 1% and 10% compared to the prior year [17] - Management remains optimistic about the new motorcycle lineup and the potential for improved performance in the second half of the year [68] Other Important Information - The company plans to centralize LiveWire operations in Milwaukee to enhance efficiency and reduce costs [23] - The second Annual Homecoming event is scheduled for July 25 to 28, aiming to strengthen community ties and brand engagement [16] Q&A Session Summary Question: Health of the dealer network amidst macro stress - Management expressed that dealer sentiment is generally positive, with enthusiasm for new models, but acknowledged concerns regarding the impact of rising interest rates on dealer health [39][40] Question: Breakdown of retail growth between model years - Retail growth in North America was primarily driven by the redesigned 2024 models, with a significant portion of sales initially coming from 2023 models [48][49] Question: Expectations for HDMC gross margins - Management confirmed that Q1 gross margins were in line with expectations, with a forecast for modest improvements moving forward [59][60] Question: Seasonal trends in retail credit losses - Management expects retail credit losses to follow a normal seasonal pattern, with Q1 typically being the highest quarter [78] Question: Adoption of flex financing - Initial adoption of flex financing has been positive, but full integration into the dealer network is expected to take 12 to 24 months [75]

Harley-Davidson (HOG) reported $1.48 billion in revenue for the quarter ended March 2024, representing a year-over-year decline of 4.9%. EPS of $1.72 for the same period compares to $2.04 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +4.54%. The company delivered an EPS surprise of +16.22%, with the consensus EPS estimate being $1.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Harley-Davidson (HOG) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.48 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this motorcycle maker would post earnings of $0.04 per share when it actually produced earnings of $0.18, delivering a surprise of 350%.Over the last four quarters, the co ...