William Blair Weighs in on Harley-Davidson Inc's Q2 2017 Earnings (HOG)

Harley-Davidson Inc (NYSE:HOG) – Equities researchers at William Blair decreased their Q2 2017 earnings estimates for shares of Harley-Davidson in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. William Blair analyst S. Zackfia now forecasts that the company will post earnings per share of $ 1.02 for the quarter, down from their prior forecast 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.

Harley-Davidson (NYSE:HOG) last released its quarterly earnings results on Tuesday, April 18th. The company reported $ 1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $ 1.02 by $ 0.03. The company earned $ 1.33 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $ 1.36 EPS.

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

A number of other equities research analysts also recently issued reports on the stock. Barclays PLC reiterated an “equal weight” rating and set a $ 52.00 price target (down from $ 53.00) on shares of Harley-Davidson in a research report on Friday, April 21st. Royal Bank of Canada set a $ 58.00 price target on shares of Harley-Davidson and gave the company a “hold” rating in a research report on Wednesday, February 1st. Citigroup Inc reduced their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Tigress Financial reiterated a “buy” rating on shares of Harley-Davidson in a research report on Thursday, April 20th. Finally, Argus reiterated a “hold” rating on shares of Harley-Davidson in a research report on Friday, February 3rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $ 56.12.

Harley-Davidson (NYSE:HOG) opened at 56.19 on Friday. The company has a 50-day moving average price of $ 59.11 and a 200-day moving average price of $ 58.56. The firm has a market cap of $ 9.89 billion, a PE ratio of 16.02 and a beta of 0.88. Harley-Davidson has a 12-month low of $ 41.63 and a 12-month high of $ 63.40.

Hedge funds have recently made changes to their positions in the stock. Toronto Dominion Bank boosted its stake in shares of Harley-Davidson by 56.0% in the first quarter. Toronto Dominion Bank now owns 47,590 shares of the company’s stock valued at $ 2,879,000 after buying an additional 17,090 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Harley-Davidson by 31.4% in the first quarter. Ameriprise Financial Inc. now owns 726,341 shares of the company’s stock valued at $ 43,944,000 after buying an additional 173,405 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Harley-Davidson by 29.1% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,081 shares of the company’s stock valued at $ 791,000 after buying an additional 2,948 shares in the last quarter. Commerce Bank boosted its stake in shares of Harley-Davidson by 4.6% in the first quarter. Commerce Bank now owns 6,168 shares of the company’s stock valued at $ 373,000 after buying an additional 270 shares in the last quarter. Finally, Neuburgh Advisers LLC boosted its stake in shares of Harley-Davidson by 166.0% in the first quarter. Neuburgh Advisers LLC now owns 63,580 shares of the company’s stock valued at $ 3,847,000 after buying an additional 39,678 shares in the last quarter. 89.54% of the stock is owned by institutional investors.

In other Harley-Davidson news, Director Donald A. James sold 100,000 shares of the business’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 completion of the transaction, the director now directly owns 5,523 shares in the company, valued at approximately $ 314,148.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total value of $ 172,451.44. The disclosure for this sale can be found here. Insiders sold a total of 103,960 shares of company stock valued at $ 5,912,378 over the last quarter. 0.99% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 25th will be issued a $ 0.365 dividend. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $ 1.46 annualized dividend and a yield of 2.60%. Harley-Davidson’s dividend payout ratio (DPR) is presently 38.22%.

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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