FY2017 EPS Estimates for Harley-Davidson Inc (HOG) Cut by Analyst

Harley-Davidson Inc (NYSE:HOG) – Equities researchers at KeyCorp cut their FY2017 earnings estimates for shares of Harley-Davidson in a research note issued to investors on Monday. KeyCorp analyst B. Andress now anticipates that the company will post earnings per share of $3.35 for the year, down from their prior estimate of $3.40. KeyCorp also issued estimates for Harley-Davidson’s FY2018 earnings at $3.40 EPS.

HOG has been the topic of several other research reports. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Tuesday, January 2nd. Goldman Sachs Group reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Sunday, October 15th. Longbow Research cut shares of Harley-Davidson from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $48.00 target price (down previously from $51.00) on shares of Harley-Davidson in a research note on Tuesday, October 10th. Finally, Argus raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday, October 20th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.12.

Shares of Harley-Davidson (HOG) opened at $52.51 on Thursday. Harley-Davidson has a one year low of $44.52 and a one year high of $63.40. The company has a current ratio of 1.18, a quick ratio of 1.03 and a debt-to-equity ratio of 2.48. The stock has a market cap of $8,747.98, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.65 and a beta of 0.96.

Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Harley-Davidson had a net margin of 11.68% and a return on equity of 28.69%. The company had revenue of $962.10 million during the quarter, compared to analyst estimates of $959.41 million. During the same quarter in the previous year, the firm earned $0.64 EPS. The firm’s revenue was down 11.9% compared to the same quarter last year.

Several hedge funds have recently made changes to their positions in HOG. JPMorgan Chase & Co. boosted its position in shares of Harley-Davidson by 34.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 212,111 shares of the company’s stock valued at $11,458,000 after acquiring an additional 53,956 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Harley-Davidson by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 342,436 shares of the company’s stock valued at $18,498,000 after acquiring an additional 3,471 shares during the last quarter. BlackRock Inc. boosted its position in shares of Harley-Davidson by 1.5% during the 2nd quarter. BlackRock Inc. now owns 10,724,574 shares of the company’s stock valued at $579,342,000 after acquiring an additional 154,675 shares during the last quarter. Amalgamated Bank boosted its position in shares of Harley-Davidson by 49.5% during the 2nd quarter. Amalgamated Bank now owns 20,375 shares of the company’s stock valued at $1,101,000 after acquiring an additional 6,742 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Harley-Davidson during the 2nd quarter valued at about $645,000. 97.18% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Jochen Zeitz sold 1,859 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total transaction of $88,860.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Levatich sold 19,447 shares of the business’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $48.36, for a total transaction of $940,456.92. Following the transaction, the chief executive officer now directly owns 88,646 shares in the company, valued at approximately $4,286,920.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,966 shares of company stock worth $1,435,298. Corporate insiders own 0.70% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.365 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.46 annualized dividend and a dividend yield of 2.78%. Harley-Davidson’s payout ratio is 45.63%.

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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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