Harley-Davidson Inc (NYSE:HOG) – Analysts at Northcoast Research boosted their Q1 2017 earnings per share estimates for shares of Harley-Davidson in a research report issued to clients and investors on Monday, according to Zacks Investment Research. Northcoast Research analyst S. Woolf now expects that the company will earn $ 0.98 per share for the quarter, up from their prior estimate of $ 0.96. Northcoast Research also issued estimates for Harley-Davidson’s Q1 2018 earnings at $ 1.26 EPS.
Harley-Davidson (NYSE:HOG) last announced its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The business had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. During the same period last year, the business posted $ 1.36 EPS. The business’s revenue was down 15.7% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: This story was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of US & international copyright legislation. The correct version of this story can be read at https://sportsperspectives.com/2017/05/02/q1-2017-earnings-estimate-for-harley-davidson-inc-hog-issued-by-northcoast-research-updated.html.
Other equities research analysts have also issued reports about the company. 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. Goldman Sachs Group Inc restated a “neutral” rating and issued a $ 54.00 price target on shares of Harley-Davidson in a research report on Tuesday, April 18th. Sanford C. Bernstein dropped their price target on Harley-Davidson from $ 68.00 to $ 62.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. UBS Group AG restated a “neutral” rating and issued a $ 57.00 price target on shares of Harley-Davidson in a research report on Monday, April 17th. Finally, 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. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $ 56.12.
Harley-Davidson (NYSE:HOG) opened at 56.39 on Tuesday. The stock has a market capitalization of $ 9.92 billion, a P/E ratio of 16.08 and a beta of 0.88. The stock has a 50 day moving average price of $ 59.76 and a 200-day moving average price of $ 58.51. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be paid a dividend of $ 0.365 per share. This represents a $ 1.46 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Tuesday, May 23rd. Harley-Davidson’s dividend payout ratio (DPR) is 38.22%.
In other news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction on 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 in the company, valued at $ 125,115. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donald A. James sold 100,000 shares of the stock in a transaction on Friday, February 10th. The shares were 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 in the company, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock worth $ 5,912,378 over the last 90 days. 0.99% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. boosted its stake in shares of Harley-Davidson by 155.5% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 3,045 shares of the company’s stock valued at $ 178,000 after buying an additional 1,853 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Harley-Davidson by 22.5% in the third quarter. Tower Research Capital LLC TRC now owns 3,818 shares of the company’s stock valued at $ 201,000 after buying an additional 700 shares during the last quarter. Stokes & Hubbell Capital Management LLC bought a new stake in shares of Harley-Davidson during the first quarter valued at about $ 201,000. Cpcm LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 203,000. Finally, Putnam Investments LLC bought a new stake in shares of Harley-Davidson during the fourth quarter valued at about $ 204,000. 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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