Harley-Davidson Inc. (NYSE:HOG) shares fell to a low of $43.39 before closing at $43.77. Intraday shares traded counted 2.52 million, which was -9.77% lower than its 30-day average trading volume of 2.30M. HOG’s previous close was $44.64 while the outstanding shares total 153.48M. The firm has a beta of 1.55, a 12-month trailing P/E ratio of 35.64, and a growth ratio of 0.83. The stock’s Relative Strength Index (RSI) is 36.22, with weekly volatility at 3.22% and ATR at 1.58. The HOG stock’s 52-week price range has touched low of $22.56 and a $52.06 high. The stock traded lower over the last trading session, losing -1.95% on 06/18/21.
Investors have identified the Recreational Vehicles company Harley-Davidson Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.86 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Harley-Davidson Inc. (HOG) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For HOG, the company has in raw cash 2.51 billion on their books with 2.39 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 5.19 billion total, with 3.45 billion as their total liabilities.
HOG were able to record 143.97 million as free cash flow during the 07/27/2021 quarter of the year, this saw their quarterly net cash flow reduce by -881.83 million. In cash movements, the company had a total of 162.78 million as operating cash flow.
Potential earnings growth for Harley-Davidson Inc. (HOG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/27/2021 quarter of the year, Harley-Davidson Inc. recorded a total of 1.42 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 8.74% coming in sequential stages and their sales for the 07/27/2021 quarter increasing by 49.02%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 867.33 million trying to sell their products during the last quarter, with the result yielding a gross income of 555.18 million. This allows shareholders to hold on to 153.48M with the recently reported earning now reading 1.69 cents per share. This is a figure that compared to analyst’s prediction for their 07/27/2021 (1.68 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.49 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on HOG sounds very interesting.
Is the stock of HOG attractive?
In related news, VP/Motorcycle Management, Mansfield Luke Christopher bought 735 shares of the company’s stock in a transaction that recorded on Feb 05. The purchase was performed at an average price of 33.72, for a total value of 24,782. As the purchase deal closes, the President and CEO, ZEITZ JOCHEN now bought 30,800 shares of the company’s stock, valued at 1,000,165. Also, Former SVP & CFO, Olin John A sold 92,002 shares of the company’s stock in a deal that was recorded on Nov 09. The shares were cost at an average price of 34.45 per share, with a total market value of 3,169,044. Following this completion of disposal, the Chairman and Acting President, ZEITZ JOCHEN now holds 71,450 shares of the company’s stock, valued at 1,990,833. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
7 out of 16 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Harley-Davidson Inc.. 1 analysts has assigned a Sell rating on the HOG stock. The 12-month mean consensus price target for the company’s shares has been set at $51.70.