Equities Analysts Set Expectations for Harley-Davidson Inc's Q4 2017 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Equities researchers at KeyCorp raised their Q4 2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a research report issued on Wednesday. KeyCorp analyst S. Hamann now expects that the company will post earnings of $ 0.52 per share for the quarter, up from their prior forecast of $ 0.37.

Several other analysts have also issued reports on the stock. Sanford C. Bernstein decreased their price target on shares of Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating on the stock in a research report on Friday, April 21st. Barclays PLC restated an “equal weight” rating and issued a $ 52.00 price target (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Deutsche Bank AG restated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research report on Thursday, April 20th. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Royal Bank of Canada decreased their price target on shares of Harley-Davidson from $ 60.00 to $ 57.00 and set a “sector perform” rating on the stock in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.

Earnings History and Estimates for Harley-Davidson (NYSE:HOG)

WARNING: This news story was published by BBNS and is the sole property of of BBNS. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://baseballnewssource.com/markets/equities-analysts-set-expectations-for-harley-davidson-incs-q4-2017-earnings-hog/661333.html.

Harley-Davidson (NYSE:HOG) traded up 1.12% on Monday, hitting $ 57.85. 1,452,636 shares of the stock traded hands. The stock has a market cap of $ 10.18 billion, a P/E ratio of 16.50 and a beta of 0.88. The stock has a 50-day moving average price of $ 59.93 and a 200 day moving average price of $ 58.30. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.

Harley-Davidson (NYSE:HOG) last posted its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.02 by $ 0.03. The business earned $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business’s revenue was down 15.7% on a year-over-year basis. During the same period last year, the firm posted $ 1.36 earnings per share.

Institutional investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of Harley-Davidson by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,740 shares of the company’s stock worth $ 302,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. increased its position in shares of Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock worth $ 261,000 after buying an additional 28 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock worth $ 561,000 after buying an additional 38 shares in the last quarter. World Asset Management Inc increased its position in shares of Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock worth $ 983,000 after buying an additional 121 shares in the last quarter. Finally, Hartford Investment Management Co. increased its position in shares of Harley-Davidson by 0.3% in the third quarter. Hartford Investment Management Co. now owns 43,029 shares of the company’s stock worth $ 2,263,000 after buying an additional 128 shares in the last quarter. 89.54% of the stock is owned by institutional investors.

In related news, SVP Michelle Kumbier sold 3,049 shares of Harley-Davidson stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joanne M. Bischmann sold 911 shares of Harley-Davidson stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the transaction, the vice president now directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last three months. 0.99% of the stock is currently owned by insiders.

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.

5 Day Chart for NYSE:HOG

Receive News & Ratings for Harley-Davidson Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Harley-Davidson Inc and related companies with our FREE daily email newsletter.

Let’s block ads! (Why?)

Google Alert – harley davidson news

Craig Ballantyne

I love anything to do with Harley Davidson and have two beautiful children and a beautiful partner. In my spare time i like building websites and love anything to do with the internet.

Leave a Reply

Your email address will not be published. Required fields are marked *