Wall Street analysts expect Harley-Davidson Inc (NYSE:HOG) to report earnings of $0.50 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.60. Harley-Davidson posted earnings per share of $0.68 in the same quarter last year, which would indicate a negative year over year growth rate of 26.5%. The company is expected to announce its next quarterly earnings report on Tuesday, October 22nd.
On average, analysts expect that Harley-Davidson will report full year earnings of $2.78 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.86. For the next financial year, analysts expect that the company will post earnings of $3.54 per share, with EPS estimates ranging from $3.13 to $3.70. Zacks’ EPS calculations are an average based on a survey of research firms that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, July 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.04. Harley-Davidson had a return on equity of 28.67% and a net margin of 7.99%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $1.52 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis.
Several equities research analysts have issued reports on the company. Goldman Sachs Group reaffirmed a “sell” rating and set a $34.00 price target (down previously from $37.00) on shares of Harley-Davidson in a report on Wednesday, April 24th. ValuEngine raised Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 30th. Northcoast Research reiterated a “hold” rating on shares of Harley-Davidson in a research report on Tuesday, June 4th. Wedbush set a $35.00 price objective on Harley-Davidson and gave the stock a “hold” rating in a research report on Friday, July 12th. Finally, KeyCorp reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $41.00.
In other Harley-Davidson news, CFO John A. Olin sold 30,000 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $35.96, for a total transaction of $1,078,800.00. Following the transaction, the chief financial officer now owns 88,500 shares in the company, valued at approximately $3,182,460. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul J. Jones sold 11,884 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $35.15, for a total value of $417,722.60. Following the transaction, the vice president now owns 9,575 shares in the company, valued at approximately $336,561.25. The disclosure for this sale can be found here. Insiders have sold a total of 47,737 shares of company stock worth $1,699,899 in the last quarter. Company insiders own 0.86% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of HOG. BlackRock Inc. increased its position in shares of Harley-Davidson by 31.0% in the first quarter. BlackRock Inc. now owns 14,230,558 shares of the company’s stock worth $507,463,000 after purchasing an additional 3,367,376 shares during the period. Bank of New York Mellon Corp increased its position in shares of Harley-Davidson by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 14,004,889 shares of the company’s stock worth $501,795,000 after purchasing an additional 931,941 shares during the period. Van ECK Associates Corp bought a new position in shares of Harley-Davidson in the second quarter worth $30,507,000. Dimensional Fund Advisors LP increased its position in shares of Harley-Davidson by 44.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,473,413 shares of the company’s stock worth $84,394,000 after purchasing an additional 762,573 shares during the period. Finally, Nuveen Asset Management LLC bought a new position in shares of Harley-Davidson in the second quarter worth $21,120,000. Institutional investors own 91.09% of the company’s stock.
Harley-Davidson stock traded up $0.92 during mid-day trading on Monday, hitting $32.26. 1,284,600 shares of the company’s stock traded hands, compared to its average volume of 2,287,820. The firm has a 50 day simple moving average of $35.10 and a two-hundred day simple moving average of $36.13. Harley-Davidson has a fifty-two week low of $31.16 and a fifty-two week high of $46.22. The stock has a market cap of $4.99 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 1.13 and a beta of 1.18. The company has a debt-to-equity ratio of 2.45, a current ratio of 1.15 and a quick ratio of 1.03.
Harley-Davidson Company Profile
Harley-Davidson, Inc manufactures and sells custom, cruiser, and touring motorcycles. The company operates in two segments, Motorcycles and Related Products and Financial Services. The Motorcycles and Related Products segment designs, manufactures, and sells on-road Harley-Davidson motorcycles, including cruiser, touring, standard, sportbike, and dual models, as well as motorcycle parts, accessories, general merchandise, and related services.
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