William Blair Analysts Decrease Earnings Estimates for Harley-Davidson Inc (HOG)

Harley-Davidson Inc (NYSE:HOG) – William Blair cut their Q3 2017 earnings per share (EPS) estimates for Harley-Davidson in a research note issued to investors on Monday, according to Zacks Investment Research. William Blair analyst S. Zackfia now forecasts that the company will post earnings of $ 0.79 per share for the quarter, down from their previous estimate of $ 0.81. William Blair also issued estimates for Harley-Davidson’s FY2018 earnings at $ 4.22 EPS.

Harley-Davidson (NYSE:HOG) last announced its quarterly earnings data on Tuesday, April 18th. The company reported $ 1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $ 1.02 by $ 0.03. The company had revenue of $ 1.33 billion for the quarter, compared to the consensus estimate of $ 1.35 billion. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $ 1.36 EPS. COPYRIGHT VIOLATION NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another publication, it was illegally copied and republished in violation of U.S. and international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/04/27/william-blair-analysts-lower-earnings-estimates-for-harley-davidson-inc-hog-updated.html.

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

A number of other brokerages have also recently weighed in on HOG. Citigroup Inc dropped their price objective on Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Argus reaffirmed a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada lifted their price objective on Harley-Davidson from $ 58.00 to $ 60.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 5th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $ 50.00 price objective (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $ 63.00 price objective (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $ 56.12.

Harley-Davidson (NYSE:HOG) opened at 57.88 on Tuesday. The firm has a 50-day moving average price of $ 59.93 and a 200 day moving average price of $ 58.30. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The company has a market cap of $ 10.19 billion, a P/E ratio of 16.50 and a beta of 0.88.

In other news, VP Joanne M. Bischmann sold 911 shares of the business’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 completion of the sale, the vice president now directly owns 2,195 shares of the company’s stock, valued at approximately $ 125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donald A. James sold 100,000 shares of the business’s stock in a transaction dated 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 directly owns 5,523 shares of the company’s stock, valued at $ 314,148.24. The disclosure for this sale can be found here. Insiders have sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last ninety days. 0.99% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of HOG. Bronfman E.L. Rothschild L.P. increased its stake 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 during the last quarter. Municipal Employees Retirement System of Michigan increased its stake 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 during the last quarter. Concert Wealth Management Inc. increased its stake 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 during the last quarter. Leavell Investment Management Inc. increased its stake in Harley-Davidson by 0.6% in the first quarter. Leavell Investment Management Inc. now owns 5,534 shares of the company’s stock valued at $ 335,000 after buying an additional 34 shares during the last quarter. Finally, Fulton Bank N.A. increased its stake 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 during the last quarter. 89.54% of the stock is owned by institutional investors and hedge funds.

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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