Harley-Davidson is the parent company of the group of companies referred to as Harley-Davidson Motor Company and Harley-Davidson Financial Services. Co. operates in two segments: Motorcycles and Related Products (Motorcycles) and Financial Services. The Motorcycles segment consists of the activities of Harley-Davidson Motor Company, which designs, manufactures and sells motorcycles. The Financial Services segment consists of the activities of Harley-Davidson Financial Services which is engaged in the business of financing and servicing wholesale inventory receivables and retail consumer loans, primarily for the purchase of Harley-Davidson motorcycles. More details about Harley-Davidson at:
http://www.harley-davidson.com.
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Should Harley-Davidson shares be counted among the
Top 10 Cheap Midcap Stocks? To start, we see that the recent trading price for HOG stock is $37.74 (as of 9/13/2024). The most recent quarter's (MRQ) earnings result, annualized, was $6.52/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Harley-Davidson produced $4.91/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $6/share. Comparing these various earnings metrics against the stock price, we end up with a PE ratio of 6.3 for the TTM Median method, 5.8 for price to earnings using MRQ annualized, and 7.7 for current price/TTM earnings. Based on HOG's history, that recent TTM PE is low relative to the historical average, with the recent PE 45.0% lower than the average (TTM method) of 14.0.