Harley-Davidson Inc (NYSE:HOG) – Investment analysts at William Blair decreased their Q3 2017 earnings per share (EPS) estimates for Harley-Davidson in a report released on Monday. William Blair analyst S. Zackfia now anticipates that the company will post earnings per share of $ 0.79 for the quarter, down from their prior forecast of $ 0.81. William Blair also issued estimates for Harley-Davidson’s FY2018 earnings at $ 4.22 EPS.
Harley-Davidson (NYSE:HOG) last released its earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the 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 business had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the previous year, the firm earned $ 0.22 EPS. The firm’s revenue for the quarter was down 7.4% on a year-over-year basis.
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Several other research firms have also recently weighed in on HOG. Citigroup Inc reduced their price objective 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. Argus reissued a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. Royal Bank of Canada increased their price objective 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. Goldman Sachs Group Inc reissued a “neutral” rating and issued a $ 57.00 price objective on shares of Harley-Davidson in a research report on Monday, December 19th. Finally, DA Davidson raised Harley-Davidson from an “underperform” rating to a “market perform” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the company’s stock. Harley-Davidson presently has an average rating of “Hold” and a consensus target price of $ 55.65.
Shares of Harley-Davidson (NYSE:HOG) opened at 62.05 on Tuesday. The company has a market cap of $ 10.83 billion, a price-to-earnings ratio of 16.20 and a beta of 0.88. Harley-Davidson has a 1-year low of $ 41.63 and a 1-year high of $ 63.40. The firm’s 50-day moving average is $ 59.83 and its 200 day moving average is $ 57.84.
In other Harley-Davidson news, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction on Monday, February 6th. The stock was sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction, the vice president now owns 2,195 shares of the company’s stock, valued at $ 125,115. The disclosure for this sale can be found here. Insiders have sold 103,960 shares of company stock valued at $ 5,912,378 over the last quarter. Corporate insiders own 0.99% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Harley-Davidson by 0.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 1,925 shares of the company’s stock valued at $ 101,000 after buying an additional 5 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in 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 valued at $ 302,000 after buying an additional 20 shares in the last quarter. Concert Wealth Management Inc. raised its position in Harley-Davidson by 0.6% in the third quarter. Concert Wealth Management Inc. now owns 4,977 shares of the company’s stock valued at $ 261,000 after buying an additional 28 shares in the last quarter. Fulton Bank N.A. raised its position in Harley-Davidson by 0.4% in the first quarter. Fulton Bank N.A. now owns 9,272 shares of the company’s stock valued at $ 561,000 after buying an additional 38 shares in the last quarter. Finally, World Asset Management Inc raised its position in Harley-Davidson by 0.7% in the third quarter. World Asset Management Inc now owns 18,693 shares of the company’s stock valued at $ 983,000 after buying an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 89.54% of the company’s stock.
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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