Wedbush Brokers Reduce Earnings Estimates for Harley-Davidson Inc (NYSE:HOG)

Harley-Davidson Inc (NYSE:HOG) – Analysts at Wedbush lowered their FY2017 earnings estimates for Harley-Davidson in a research note issued on Wednesday, according to Zacks Investment Research. Wedbush analyst J. Hardiman now forecasts that the company will post earnings of $3.46 per share for the year, down from their previous forecast of $3.47. Wedbush has a “Neutral” rating and a $49.00 price objective on the stock. Wedbush also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.53 EPS and FY2018 earnings at $3.43 EPS.

A number of other research firms have also weighed in on HOG. Goldman Sachs Group lowered shares of Harley-Davidson to a “hold” rating and set a $43.00 target price for the company. in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Harley-Davidson from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a report on Friday. Stifel Nicolaus raised their target price on shares of Harley-Davidson from $48.00 to $49.00 and gave the company a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets restated a “buy” rating and issued a $56.00 price target on shares of Harley-Davidson in a research report on Friday, October 13th. Finally, TheStreet downgraded Harley-Davidson from a “b-” rating to a “c+” rating in a research report on Tuesday, October 17th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $52.72.

Harley-Davidson (NYSE HOG) traded down $1.18 during mid-day trading on Thursday, hitting $47.50. 2,700,000 shares of the company were exchanged, compared to its average volume of 2,910,000. Harley-Davidson has a 1 year low of $44.52 and a 1 year high of $63.40. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.03 and a current ratio of 1.23. The stock has a market capitalization of $7,990.00, a price-to-earnings ratio of 15.94, a PEG ratio of 1.46 and a beta of 0.84.

Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 30th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.08. Harley-Davidson had a net margin of 10.62% and a return on equity of 31.23%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $0.27 earnings per share. Harley-Davidson’s revenue for the quarter was up 12.2% compared to the same quarter last year.

Large investors have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC bought a new stake in shares of Harley-Davidson during the third quarter worth $166,000. TLP Group LLC bought a new stake in shares of Harley-Davidson during the second quarter worth $255,000. IFG Advisory LLC bought a new stake in shares of Harley-Davidson during the fourth quarter worth $239,000. Profund Advisors LLC lifted its position in shares of Harley-Davidson by 29.5% during the second quarter. Profund Advisors LLC now owns 5,487 shares of the company’s stock worth $296,000 after purchasing an additional 1,251 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Harley-Davidson during the third quarter worth $269,000. Institutional investors and hedge funds own 97.45% of the company’s stock.

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About Harley-Davidson

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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