Harley-Davidson Inc (NYSE:HOG) will be releasing its Q1 2017 earnings data before the market opens on Tuesday, April 18th. Analysts expect Harley-Davidson to post earnings of $ 1.02 per share and revenue of $ 1.35 billion for the quarter.
Harley-Davidson (NYSE:HOG) last released 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 had revenue of $ 1.33 billion for the quarter, compared to analysts’ expectations of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The firm’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $ 1.36 EPS. On average, analysts expect Harley-Davidson to post $ 3.76 EPS for the current fiscal year and $ 4.15 EPS for the next fiscal year.
Shares of Harley-Davidson Inc (NYSE:HOG) traded down 2.12% during midday trading on Monday, reaching $ 54.04. 3,241,184 shares of the company’s stock were exchanged. The firm has a market cap of $ 9.51 billion, a PE ratio of 15.41 and a beta of 0.88. Harley-Davidson Inc has a one year low of $ 41.63 and a one year high of $ 63.40. The stock’s 50-day moving average is $ 58.36 and its 200 day moving average is $ 58.57.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 25th will be paid a $ 0.365 dividend. This represents a $ 1.46 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.
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HOG has been the subject of several recent analyst reports. Tigress Financial restated a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Stifel Nicolaus restated a “hold” rating and issued a $ 63.00 target price (up previously from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. Deutsche Bank AG restated a “hold” rating and issued a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Longbow Research upgraded shares of Harley-Davidson from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 15th. Finally, Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 54.00 target price on shares of Harley-Davidson in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson has an average rating of “Hold” and an average target price of $ 56.12.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Harley-Davidson by 3.2% in the first quarter. Vanguard Group Inc. now owns 17,416,731 shares of the company’s stock worth $ 1,053,712,000 after buying an additional 534,966 shares during the period. BlackRock Inc. increased its stake in shares of Harley-Davidson by 2,897.2% in the first quarter. BlackRock Inc. now owns 10,569,899 shares of the company’s stock worth $ 639,479,000 after buying an additional 10,217,239 shares during the period. Dodge & Cox purchased a new stake in shares of Harley-Davidson during the fourth quarter worth approximately $ 517,798,000. 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 worth $ 459,909,000 after buying an additional 127,052 shares during the period. Finally, State Street Corp increased its stake in shares of Harley-Davidson by 1.1% in the fourth quarter. State Street Corp now owns 7,983,530 shares of the company’s stock worth $ 465,771,000 after buying an additional 89,330 shares during the period. Institutional investors and hedge funds own 89.54% of the company’s stock.
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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