Harley-Davidson Inc (NYSE:HOG) – Investment analysts at William Blair dropped their Q2 2017 earnings per share estimates for shares of Harley-Davidson in a research report issued to clients and investors on Monday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $ 1.60 for the quarter, down from their previous forecast of $ 1.61. William Blair also issued estimates for Harley-Davidson’s Q4 2017 earnings at $ 0.47 EPS and FY2017 earnings at $ 3.91 EPS.
Harley-Davidson (NYSE:HOG) last posted its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The company earned $ 1.11 billion during the quarter, compared to analyst estimates of $ 972.47 million. During the same period in the previous year, the company earned $ 0.22 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year.
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A number of other research analysts have also recently weighed in on HOG. Raymond James Financial, Inc. upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Jefferies Group LLC restated a “hold” rating and issued a $ 49.00 price target on shares of Harley-Davidson in a research report on Thursday, April 6th. DA Davidson upgraded Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Royal Bank of Canada raised their price target on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 5th. Finally, Citigroup Inc dropped their price target on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $ 55.65.
Harley-Davidson (NYSE:HOG) opened at 61.05 on Wednesday. The firm has a market cap of $ 10.66 billion, a PE ratio of 15.94 and a beta of 0.88. The firm has a 50-day moving average of $ 59.94 and a 200-day moving average of $ 57.87. Harley-Davidson has a 52-week low of $ 41.63 and a 52-week high of $ 63.40.
A number of hedge funds have recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its stake 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 during the last quarter. Concert Wealth Management Inc. raised its stake 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 during the last quarter. Fulton Bank N.A. raised its stake 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 during the last quarter. World Asset Management Inc raised its stake 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 during the last quarter. Finally, Hartford Investment Management Co. raised its stake 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 during the last quarter. 89.54% of the stock is currently owned by hedge funds and other institutional investors.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total value of $ 51,927.00. Following the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Donald A. James sold 100,000 shares of the firm’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 directly owns 5,523 shares in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,960 shares of company stock worth $ 5,912,378. 0.99% of the stock is owned by corporate 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.
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