Equities research analysts predict that Harley-Davidson Inc (NYSE:HOG) will announce $ 0.99 earnings per share for the current fiscal quarter, Zacks reports. Eleven analysts have provided estimates for Harley-Davidson’s earnings, with the lowest EPS estimate coming in at $ 0.86 and the highest estimate coming in at $ 1.09. Harley-Davidson reported earnings per share of $ 1.36 in the same quarter last year, which would indicate a negative year over year growth rate of 27.2%. The company is expected to issue its next quarterly earnings results before the market opens on Tuesday, April 18th.
On average, analysts expect that Harley-Davidson will report full year earnings of $ 3.84 per share for the current year, with EPS estimates ranging from $ 3.67 to $ 3.97. For the next financial year, analysts forecast that the firm will report earnings of $ 4.22 per share, with EPS estimates ranging from $ 4.07 to $ 4.82. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. The company had revenue of $ 1.11 billion for the quarter, compared to analysts’ expectations of $ 972.47 million. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $ 0.22 earnings per share.
A number of research analysts have recently weighed in on the company. Morgan Stanley reiterated an “overweight” rating and set a $ 59.00 price target (down previously from $ 61.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a report on Friday, March 17th. Wedbush lifted their price target on Harley-Davidson from $ 53.00 to $ 55.00 and gave the company a “neutral” rating in a report on Monday, April 3rd. Jefferies Group LLC reiterated a “hold” rating and set a $ 49.00 price target on shares of Harley-Davidson in a report on Thursday. Finally, Barclays PLC reiterated an “underweight” rating and set a $ 53.00 price target (up previously from $ 45.00) on shares of Harley-Davidson in a report on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $ 55.65.
Shares of Harley-Davidson (NYSE:HOG) traded up 1.44% during midday trading on Friday, hitting $ 61.79. The company had a trading volume of 3,071,969 shares. The firm has a market cap of $ 10.79 billion, a price-to-earnings ratio of 16.13 and a beta of 0.88. The company’s 50 day moving average is $ 58.54 and its 200 day moving average is $ 56.96. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $ 56.88, for a total value of $ 5,688,000.00. Following the completion of the sale, the director now owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold 103,960 shares of company stock valued at $ 5,912,378 in the last ninety days. Insiders own 0.99% of the company’s stock.
Several hedge funds have recently made changes to their positions in HOG. Stratos Wealth Partners LTD. boosted its stake in shares of Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock worth $ 70,408,000 after buying an additional 1,111,788 shares in the last quarter. Westpac Banking Corp boosted its stake in shares of Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock worth $ 7,228,000 after buying an additional 18,840 shares in the last quarter. Boston Partners boosted its stake in shares of Harley-Davidson by 9.3% in the third quarter. Boston Partners now owns 1,751,244 shares of the company’s stock worth $ 92,098,000 after buying an additional 148,366 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new stake in shares of Harley-Davidson during the third quarter worth $ 4,591,000. 89.54% 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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