Harley-Davidson Inc (HOG) Expected to Announce Earnings of $0.49 Per Share

Analysts predict that Harley-Davidson Inc (NYSE:HOG) will post $0.49 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have made estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.57. Harley-Davidson reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.5%. The company is expected to issue its next quarterly earnings results on Tuesday, October 16th.

According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $3.34 per share for the current year, with EPS estimates ranging from $3.03 to $3.95. For the next financial year, analysts forecast that the business will post earnings of $3.59 per share, with EPS estimates ranging from $3.29 to $4.04. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Harley-Davidson.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, July 24th. The company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.11. Harley-Davidson had a net margin of 10.08% and a return on equity of 31.70%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.48 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Harley-Davidson from a “sell” rating to a “hold” rating in a report on Tuesday, April 24th. ValuEngine upgraded shares of Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 24th. Citigroup boosted their target price on shares of Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. Royal Bank of Canada reduced their target price on shares of Harley-Davidson to $40.00 and set a “market perform” rating for the company in a report on Tuesday, June 26th. Finally, Wedbush reduced their target price on shares of Harley-Davidson from $44.00 to $42.00 and set a “neutral” rating for the company in a report on Thursday, June 7th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and a consensus price target of $48.23.

In other news, Director Jochen Zeitz sold 1,598 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $43.50, for a total transaction of $69,513.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence G. Hund sold 37,040 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.33, for a total transaction of $1,604,943.20. Following the transaction, the insider now owns 29,715 shares in the company, valued at approximately $1,287,550.95. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Whittier Trust Co. acquired a new position in shares of Harley-Davidson during the second quarter valued at about $112,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Harley-Davidson during the first quarter valued at about $103,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Harley-Davidson during the second quarter valued at about $183,000. Cribstone Capital Management LLC increased its holdings in shares of Harley-Davidson by 75.0% during the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Banco de Sabadell S.A acquired a new position in shares of Harley-Davidson during the first quarter valued at about $127,000. Hedge funds and other institutional investors own 95.94% of the company’s stock.

NYSE:HOG traded up $0.11 during mid-day trading on Thursday, reaching $41.11. The company’s stock had a trading volume of 2,273,100 shares, compared to its average volume of 2,529,594. The firm has a market cap of $7.20 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.90. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.35 and a quick ratio of 1.21. Harley-Davidson has a 1 year low of $39.34 and a 1 year high of $56.50.

Harley-Davidson Company Profile

Harley-Davidson, Inc primarily manufactures and sells cruiser and touring motorcycles. The company operates in two segments, Motorcycles & Related Products, and Financial Services. The Motorcycles & Related Products segment designs, manufactures, and sells at wholesale on-road Harley-Davidson motorcycles, as well as motorcycle parts, accessories, general merchandise, and related services.

Further Reading: Fundamental Analysis

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

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