FY2018 EPS Estimates for Harley-Davidson, Inc. Lowered by William Blair (HOG)
Harley-Davidson, Inc. (NYSE:HOG) – William Blair dropped their FY2018 earnings per share estimates for Harley-Davidson in a note issued to investors on Tuesday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $3.44 for the year, down from their prior estimate of $3.56.
Harley-Davidson (NYSE:HOG) last released its quarterly earnings data on Tuesday, October 17th. The company reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $959.41 million. During the same period in the prior year, the company posted $0.64 earnings per share. The business’s revenue for the quarter was down 11.9% compared to the same quarter last year.
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A number of other research firms also recently weighed in on HOG. BidaskClub upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. UBS AG reiterated a “neutral” rating and set a $57.00 target price on shares of Harley-Davidson in a research report on Monday, June 26th. Jefferies Group LLC reiterated a “hold” rating and set a $49.00 target price on shares of Harley-Davidson in a research report on Tuesday, July 4th. ValuEngine upgraded Harley-Davidson from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Zacks Investment Research upgraded Harley-Davidson from a “sell” rating to a “hold” rating in a research report on Friday, July 7th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $52.47.
Harley-Davidson (NYSE HOG) traded down 0.052% on Thursday, reaching $47.995. The company’s stock had a trading volume of 822,762 shares. The company has a 50-day moving average price of $47.65 and a 200 day moving average price of $51.69. The company has a market cap of $8.37 billion, a P/E ratio of 14.054 and a beta of 0.87. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.
The company also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Tuesday, September 12th were issued a $0.365 dividend. The ex-dividend date was Monday, September 11th. This represents a $1.46 dividend on an annualized basis and a yield of 3.04%. Harley-Davidson’s payout ratio is presently 45.63%.
In other Harley-Davidson news, insider Lawrence G. Hund sold 15,013 shares of the company’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $47.18, for a total value of $708,313.34. Following the completion of the transaction, the insider now owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of Harley-Davidson by 147.2% in the first quarter. JPMorgan Chase & Co. now owns 158,155 shares of the company’s stock valued at $9,569,000 after buying an additional 94,170 shares during the period. Victory Capital Management Inc. increased its stake in shares of Harley-Davidson by 19.9% in the first quarter. Victory Capital Management Inc. now owns 17,287 shares of the company’s stock valued at $1,046,000 after buying an additional 2,875 shares during the period. OppenheimerFunds Inc. increased its stake in shares of Harley-Davidson by 3.8% in the first quarter. OppenheimerFunds Inc. now owns 11,816 shares of the company’s stock valued at $715,000 after buying an additional 429 shares during the period. Teachers Advisors LLC increased its stake in shares of Harley-Davidson by 19.7% in the first quarter. Teachers Advisors LLC now owns 321,513 shares of the company’s stock valued at $19,452,000 after buying an additional 52,868 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Harley-Davidson by 0.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,005,737 shares of the company’s stock valued at $60,849,000 after buying an additional 5,498 shares during the period. 91.05% of the stock is owned by institutional investors and hedge funds.
Harley-Davidson Company Profile
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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