Analysts expect that Harley-Davidson Inc (NYSE:HOG) will post $1.10 billion in sales for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Harley-Davidson’s earnings, with the highest sales estimate coming in at $1.14 billion and the lowest estimate coming in at $1.08 billion. Harley-Davidson reported sales of $962.14 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, October 16th.
On average, analysts expect that Harley-Davidson will report full-year sales of $5.10 billion for the current financial year, with estimates ranging from $5.03 billion to $5.17 billion. For the next fiscal year, analysts expect that the company will post sales of $5.14 billion per share, with estimates ranging from $5.04 billion to $5.23 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, July 24th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.11. Harley-Davidson had a return on equity of 31.70% and a net margin of 10.08%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.48 EPS. The business’s revenue was down 3.3% on a year-over-year basis.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 4th. DA Davidson reiterated a “sell” rating on shares of Harley-Davidson in a research note on Tuesday, August 14th. Citigroup boosted their target price on Harley-Davidson from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. Stifel Nicolaus boosted their target price on Harley-Davidson from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Wednesday, July 25th. Finally, Zacks Investment Research cut Harley-Davidson from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 11th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. Harley-Davidson presently has an average rating of “Hold” and an average price target of $48.27.
Shares of HOG traded up $0.03 during midday trading on Friday, hitting $44.30. The company had a trading volume of 40,803 shares, compared to its average volume of 1,592,707. The company has a debt-to-equity ratio of 2.25, a quick ratio of 1.21 and a current ratio of 1.35. The stock has a market capitalization of $7.41 billion, a PE ratio of 12.63, a PEG ratio of 1.44 and a beta of 0.97. Harley-Davidson has a 1 year low of $39.34 and a 1 year high of $56.50.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Tuesday, September 18th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.34%. The ex-dividend date is Monday, September 17th. Harley-Davidson’s payout ratio is 42.29%.
In related news, CFO John A. Olin sold 12,587 shares of the business’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $43.48, for a total transaction of $547,282.76. Following the completion of the sale, the chief financial officer now owns 55,016 shares in the company, valued at $2,392,095.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jochen Zeitz sold 1,598 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $43.50, for a total value of $69,513.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,225 shares of company stock valued at $2,221,739. 0.58% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Whittier Trust Co. acquired a new position in shares of Harley-Davidson in the second quarter valued at approximately $112,000. W.G. Shaheen & Associates DBA Whitney & Co acquired a new position in shares of Harley-Davidson in the first quarter valued at approximately $103,000. Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Harley-Davidson in the second quarter valued at approximately $183,000. Cribstone Capital Management LLC increased its holdings in shares of Harley-Davidson by 75.0% in the second quarter. Cribstone Capital Management LLC now owns 2,800 shares of the company’s stock valued at $118,000 after purchasing an additional 1,200 shares during the period. Finally, Banco de Sabadell S.A acquired a new position in shares of Harley-Davidson in the first quarter valued at approximately $127,000. Institutional investors own 85.87% of the company’s stock.
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: Earnings Per Share
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