Harley-Davidson Inc (HOG) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Harley-Davidson Inc (NYSE:HOG) posted its quarterly earnings data on Tuesday. The company reported $ 1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company had revenue of $ 1.33 billion during the quarter, compared to analysts’ expectations of $ 1.35 billion. During the same period in the prior year, the company posted $ 1.36 earnings per share. Harley-Davidson’s revenue for the quarter was down 15.7% compared to the same quarter last year.

Harley-Davidson (NYSE:HOG) opened at 56.22 on Wednesday. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The company has a market capitalization of $ 9.89 billion, a price-to-earnings ratio of 16.03 and a beta of 0.88. The firm has a 50 day moving average of $ 59.21 and a 200-day moving average of $ 58.49.

Earnings History for Harley-Davidson (NYSE:HOG)

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.

In related news, Director Donald A. James sold 100,000 shares of the stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $ 56.88, for a total transaction of $ 5,688,000.00. Following the sale, the director now directly owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.99% of the company’s stock.

A number of hedge funds have recently made changes to their positions in HOG. JPMorgan Chase & Co. increased its stake in shares of Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock valued at $ 6,410,000 after buying an additional 5,659 shares during the period. Todd Asset Management LLC increased its stake in shares of Harley-Davidson by 7.2% in the third quarter. Todd Asset Management LLC now owns 286,060 shares of the company’s stock valued at $ 15,044,000 after buying an additional 19,206 shares during the period. Stratos Wealth Partners LTD. increased 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 valued at $ 2,058,000 after buying an additional 665 shares during the period. Independent Franchise Partners LLP increased its stake in shares of Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock valued at $ 459,909,000 after buying an additional 127,052 shares during the period. Finally, State of Wisconsin Investment Board boosted its position in Harley-Davidson by 7.2% in the third quarter. State of Wisconsin Investment Board now owns 519,268 shares of the company’s stock valued at $ 27,308,000 after buying an additional 35,100 shares in the last quarter. 89.54% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “Harley-Davidson Inc (HOG) Posts Quarterly Earnings Results, Beats Estimates By $ 0.03 EPS” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.thecerbatgem.com/2017/05/10/harley-davidson-inc-hog-releases-quarterly-earnings-results-beats-estimates-by-0-03-eps-updated-updated.html.

HOG has been the subject of several recent analyst reports. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Friday, March 17th. Stifel Nicolaus reiterated a “hold” rating and set a $ 63.00 price objective (up from $ 58.00) on shares of Harley-Davidson in a research report on Friday, April 14th. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research report on Wednesday, March 15th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 54.00 price objective on shares of Harley-Davidson in a research report on Tuesday, April 18th. Finally, DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. One investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $ 56.12.

About Harley-Davidson

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 & Stock 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 stocks 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 *