Q3 2017 EPS Estimates for Harley-Davidson, Inc. Decreased by KeyCorp (HOG)
Harley-Davidson, Inc. (NYSE:HOG) – Equities research analysts at KeyCorp lowered their Q3 2017 earnings estimates for shares of Harley-Davidson in a report released on Thursday. KeyCorp analyst B. Andress now anticipates that the company will post earnings per share of $0.42 for the quarter, down from their prior estimate of $0.43. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Harley-Davidson’s Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $3.30 EPS and FY2018 earnings at $3.65 EPS.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, July 18th. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.38 by $0.10. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.60 billion. Harley-Davidson had a net margin of 12.30% and a return on equity of 30.51%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 earnings per share.
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HOG has been the topic of a number of other reports. UBS AG restated a “neutral” rating and issued a $57.00 price objective on shares of Harley-Davidson in a research note on Tuesday, June 13th. Wedbush reiterated a “neutral” rating and set a $45.00 target price on shares of Harley-Davidson in a research note on Monday. ValuEngine downgraded shares of Harley-Davidson from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Harley-Davidson from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Morgan Stanley lowered their price target on Harley-Davidson from $59.00 to $54.00 and set an “overweight” rating on the stock in a report on Monday, August 14th. Two investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and four have given a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and a consensus target price of $53.50.
Shares of Harley-Davidson (NYSE HOG) opened at 48.95 on Monday. The firm’s 50-day moving average price is $47.79 and its 200 day moving average price is $52.73. The firm has a market capitalization of $8.54 billion, a P/E ratio of 14.33 and a beta of 0.87. Harley-Davidson has a 12 month low of $45.53 and a 12 month high of $63.40.
Hedge funds have recently modified their holdings of the stock. Northside Capital Management LLC purchased a new stake in Harley-Davidson during the first quarter worth $218,000. Pacer Advisors Inc. increased its position in shares of Harley-Davidson by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,698 shares of the company’s stock valued at $224,000 after buying an additional 117 shares in the last quarter. Geneva Advisors LLC increased 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 buying an additional 200 shares in the last quarter. Wedbush Securities Inc. increased 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 buying an additional 700 shares in the last quarter. Finally, Annex Advisory Services LLC increased 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 buying an additional 102 shares in the last quarter. 91.04% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Lawrence G. Hund sold 15,013 shares of the firm’s stock in a transaction that occurred on 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 directly owns 23,673 shares of the company’s stock, valued at approximately $1,116,892.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.70% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Tuesday, September 12th were issued a $0.365 dividend. This represents a $1.46 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Monday, September 11th. Harley-Davidson’s dividend payout ratio is currently 42.44%.
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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