Brokerages Expect Harley-Davidson, Inc. (HOG) to Announce $0.41 EPS

Brokerages expect that Harley-Davidson, Inc. (NYSE:HOG) will post earnings of $0.41 per share for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Harley-Davidson’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.34. Harley-Davidson posted earnings per share of $0.64 during the same quarter last year, which would suggest a negative year over year growth rate of 35.9%. The business is expected to announce its next earnings results before the market opens on Tuesday, October 17th.

According to Zacks, analysts expect that Harley-Davidson will report full year earnings of $3.40 per share for the current fiscal year, with EPS estimates ranging from $3.30 to $3.50. For the next year, analysts forecast that the company will post earnings of $3.73 per share, with EPS estimates ranging from $3.54 to $3.95. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 18th. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.10. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was down 5.6% compared to the same quarter last year.

Several research firms have recently commented on HOG. Goldman Sachs Group, Inc. (The) reaffirmed a “hold” rating on shares of Harley-Davidson in a report on Sunday. BMO Capital Markets reaffirmed a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a report on Friday. Zacks Investment Research lowered shares of Harley-Davidson from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $48.00 price target (down from $51.00) on shares of Harley-Davidson in a report on Tuesday, October 10th. Finally, Wedbush set a $45.00 target price on shares of Harley-Davidson and gave the company a “hold” rating in a research note on Sunday, October 8th. Three analysts have rated the stock with a sell rating, seventeen have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.38.

Shares of Harley-Davidson (NYSE HOG) opened at 46.57 on Tuesday. The stock’s 50 day moving average is $47.64 and its 200 day moving average is $51.92. The firm has a market cap of $8.12 billion, a P/E ratio of 13.64 and a beta of 0.87. Harley-Davidson has a 52 week low of $45.53 and a 52 week high of $63.40.

The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Tuesday, September 12th were issued a dividend of $0.365 per share. The ex-dividend date of this dividend was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.14%. Harley-Davidson’s dividend payout ratio is currently 42.44%.

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In related news, insider Lawrence G. Hund sold 15,013 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $47.18, for a total transaction of $708,313.34. Following the transaction, the insider now directly owns 23,673 shares of the company’s stock, valued at $1,116,892.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geneva Advisors LLC grew its position in Harley-Davidson by 5.4% during the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after purchasing an additional 200 shares in the last quarter. Northside Capital Management LLC purchased a new position in Harley-Davidson during the first quarter valued at approximately $218,000. Wedbush Securities Inc. grew its position in Harley-Davidson by 20.7% during the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after purchasing an additional 700 shares in the last quarter. Annex Advisory Services LLC grew its position in Harley-Davidson by 2.5% during the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after purchasing an additional 102 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in Harley-Davidson by 1.7% during the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after purchasing an additional 72 shares in the last quarter. 91.05% of the stock is currently owned by hedge funds and other institutional investors.

Harley-Davidson Company Profile

Harley-Davidson, Inc is the parent company for the groups of companies doing business as Harley-Davidson Motor Company (HDMC) and Harley-Davidson Financial Services (HDFS). The Company operates in two segments: the Motorcycles & Related Products (Motorcycles) and the Financial Services. The Motorcycles segment consists of HDMC, which designs, manufactures and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise and related services.

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Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

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