Brokerages Expect Harley-Davidson, Inc. (HOG) to Post $0.48 EPS
Wall Street analysts expect that Harley-Davidson, Inc. (NYSE:HOG) will report earnings of $0.48 per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Harley-Davidson’s earnings, with estimates ranging from $0.31 to $0.54. Harley-Davidson posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 77.8%. The business is expected to report its next quarterly earnings report on Tuesday, January 30th.
On average, analysts expect that Harley-Davidson will report full year earnings of $3.43 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.48. For the next financial year, analysts forecast that the business will report earnings of $3.69 per share, with EPS estimates ranging from $3.44 to $4.04. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. Harley-Davidson had a return on equity of 28.69% and a net margin of 11.68%. The firm had revenue of $962.10 million for the quarter, compared to the consensus estimate of $959.41 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The firm’s revenue was down 11.9% on a year-over-year basis.
HOG has been the subject of a number of recent analyst reports. Morgan Stanley decreased their target price on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday, August 14th. Stifel Nicolaus upped their target price on Harley-Davidson from $48.00 to $49.00 and gave the stock a “hold” rating in a research report on Wednesday, October 18th. UBS AG reaffirmed a “hold” rating and set a $47.00 target price on shares of Harley-Davidson in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed a “buy” rating and set a $56.00 target price on shares of Harley-Davidson in a research report on Friday, October 13th. Finally, ValuEngine cut Harley-Davidson from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $52.50.
Harley-Davidson (NYSE:HOG) traded down $0.28 during trading hours on Friday, reaching $47.40. The company had a trading volume of 587,004 shares, compared to its average volume of 2,259,315. Harley-Davidson has a 12-month low of $44.52 and a 12-month high of $63.40. The firm has a market capitalization of $8,024.31, a P/E ratio of 14.90, a P/E/G ratio of 1.64 and a beta of 0.94. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 2.48.
In other news, CFO John A. Olin sold 28,760 shares of the stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $48.03, for a total value of $1,381,342.80. Following the completion of the sale, the chief financial officer now directly owns 65,722 shares of the company’s stock, valued at $3,156,627.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jochen Zeitz sold 1,859 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $47.80, for a total value of $88,860.20. The disclosure for this sale can be found here. Insiders sold 73,739 shares of company stock valued at $3,524,954 over the last three months. 0.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HOG. Steward Partners Investment Advisory LLC bought a new stake in shares of Harley-Davidson in the third quarter valued at approximately $166,000. Geneva Advisors LLC boosted its position in shares of Harley-Davidson by 5.4% in the second quarter. Geneva Advisors LLC now owns 3,937 shares of the company’s stock valued at $213,000 after acquiring an additional 200 shares during the period. Wedbush Securities Inc. boosted its position in shares of Harley-Davidson by 20.7% in the second quarter. Wedbush Securities Inc. now owns 4,078 shares of the company’s stock valued at $220,000 after acquiring an additional 700 shares during the period. Annex Advisory Services LLC boosted its position in shares of Harley-Davidson by 2.5% in the second quarter. Annex Advisory Services LLC now owns 4,114 shares of the company’s stock valued at $222,000 after acquiring an additional 102 shares during the period. Finally, Contravisory Investment Management Inc. boosted its position in shares of Harley-Davidson by 1.7% in the second quarter. Contravisory Investment Management Inc. now owns 4,291 shares of the company’s stock valued at $232,000 after acquiring an additional 72 shares during the period. 93.26% of the stock is owned by institutional investors.
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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