Harley-Davidson, Inc. (HOG) Expected to Post Quarterly Sales of $1.60 Billion
Equities research analysts expect Harley-Davidson, Inc. (NYSE:HOG) to post sales of $1.60 billion for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Harley-Davidson’s earnings, with the lowest sales estimate coming in at $1.52 billion and the highest estimate coming in at $1.63 billion. Harley-Davidson reported sales of $1.67 billion in the same quarter last year, which indicates a negative year over year growth rate of 4.2%. The business is scheduled to report its next earnings report on Thursday, July 27th.
According to Zacks, analysts expect that Harley-Davidson will report full-year sales of $1.60 billion for the current financial year, with estimates ranging from $5.14 billion to $5.35 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $5.40 billion per share, with estimates ranging from $5.26 billion to $5.53 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last issued its quarterly earnings results on Tuesday, April 18th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.03. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Harley-Davidson had a return on equity of 31.69% and a net margin of 12.50%. Harley-Davidson’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share.
Several analysts have issued reports on the company. UBS AG restated a “neutral” rating and issued a $57.00 target price on shares of Harley-Davidson in a report on Tuesday, June 13th. Citigroup Inc. dropped their target price on Harley-Davidson from $73.00 to $68.00 and set a “buy” rating for the company in a report on Monday, March 6th. BidaskClub upgraded Harley-Davidson from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Barclays PLC reaffirmed an “equal weight” rating and issued a $52.00 price target (down previously from $53.00) on shares of Harley-Davidson in a research note on Friday, April 21st. Finally, Wedbush upped their price target on Harley-Davidson from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, April 3rd. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $56.59.
A number of large investors have recently modified their holdings of HOG. Independent Advisor Alliance increased its stake in shares of Harley-Davidson by 491.5% in the first quarter. Independent Advisor Alliance now owns 3,336 shares of the company’s stock valued at $200,000 after buying an additional 2,772 shares during the period. Wayne Hummer Investments L.L.C. bought a new stake in shares of Harley-Davidson during the first quarter valued at $200,000. Stokes & Hubbell Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at $201,000. Putnam Investments LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at $204,000. Finally, Appleton Group LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at $210,000. Institutional investors own 86.98% of the company’s stock.
Shares of Harley-Davidson (NYSE:HOG) opened at 55.49 on Friday. The company has a market capitalization of $9.77 billion, a P/E ratio of 15.82 and a beta of 0.81. The company has a 50-day moving average price of $54.04 and a 200-day moving average price of $57.76. Harley-Davidson has a 12 month low of $41.63 and a 12 month high of $63.40.
The business also recently declared a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Thursday, May 25th were issued a dividend of $0.365 per share. The ex-dividend date was Tuesday, May 23rd. This represents a $1.46 annualized dividend and a yield of 2.63%. Harley-Davidson’s dividend payout ratio (DPR) is 41.60%.
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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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