Q2 2017 EPS Estimates for Harley-Davidson Inc (HOG) Reduced by William Blair

Harley-Davidson Inc (NYSE:HOG) – Equities research analysts at William Blair dropped their Q2 2017 earnings per share (EPS) estimates for shares of Harley-Davidson in a research note issued on Tuesday. William Blair analyst S. Zackfia now expects that the company will post earnings of $ 1.02 per share for the quarter, down from their prior estimate of $ 1.60. William Blair also issued estimates for Harley-Davidson’s Q3 2017 earnings at $ 1.07 EPS, Q4 2017 earnings at $ 0.66 EPS and FY2017 earnings at $ 3.80 EPS.

Other equities research analysts have also recently issued reports about the company. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Thursday. Deutsche Bank AG restated a “hold” rating and set a $ 50.00 target price (down previously from $ 52.00) on shares of Harley-Davidson in a research report on Thursday. Jefferies Group LLC restated a “hold” rating and set a $ 49.00 target price on shares of Harley-Davidson in a research report on Thursday, April 6th. Goldman Sachs Group Inc restated a “neutral” rating and set a $ 54.00 target price on shares of Harley-Davidson in a research report on Tuesday. Finally, UBS Group AG restated a “neutral” rating and set a $ 57.00 target price on shares of Harley-Davidson in a research report on Monday. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the company’s stock. Harley-Davidson presently has a consensus rating of “Hold” and an average price target of $ 56.29.

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

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Shares of Harley-Davidson (NYSE:HOG) opened at 56.47 on Friday. 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 $ 9.86 billion, a price-to-earnings ratio of 14.74 and a beta of 0.88. The company’s 50 day moving average price is $ 60.09 and its 200-day moving average price is $ 58.06.

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 analysts’ consensus estimates of $ 1.02 by $ 0.03. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company had revenue of $ 1.33 billion for the quarter, compared to analyst estimates of $ 1.35 billion. During the same period in the previous year, the company posted $ 1.36 EPS. The firm’s revenue for the quarter was down 15.7% compared to the same quarter last year.

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in Harley-Davidson by 4.9% in the third quarter. JPMorgan Chase & Co. now owns 121,899 shares of the company’s stock worth $ 6,410,000 after buying an additional 5,659 shares in the last quarter. Todd Asset Management LLC increased its position in 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 last quarter. Stratos Wealth Partners LTD. increased its position in 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 last quarter. Independent Franchise Partners LLP increased its position in 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 last quarter. Finally, State of Wisconsin Investment Board increased 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 during the last quarter. Institutional investors own 89.54% of the company’s stock.

In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of the company’s stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $ 57.00, for a total transaction of $ 51,927.00. Following the completion of the sale, the vice president now owns 2,195 shares in the company, valued at $ 125,115. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Donald A. James sold 100,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 5,523 shares of the company’s stock, valued at approximately $ 314,148.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,960 shares of company stock valued at $ 5,912,378. 0.99% of the stock is owned by company 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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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.

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