Equities analysts expect that Harley-Davidson Inc (NYSE:HOG) will report $ 0.99 earnings per share for the current quarter, Zacks reports. Eleven analysts have made estimates for Harley-Davidson’s earnings. The highest EPS estimate is $ 1.09 and the lowest is $ 0.86. Harley-Davidson posted earnings per share of $ 1.36 during the same quarter last year, which would suggest a negative year over year growth rate of 27.2%. The business is scheduled to report its next earnings results before the market opens on Tuesday, April 18th.
On average, analysts expect that Harley-Davidson will report full year earnings of $ 3.84 per share for the current fiscal year, with EPS estimates ranging from $ 3.67 to $ 3.97. For the next year, analysts anticipate that the company will report earnings of $ 4.22 per share, with EPS estimates ranging from $ 4.07 to $ 4.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last posted its quarterly earnings results on Tuesday, January 31st. The company reported $ 0.27 earnings per share for the quarter, missing the Thomson Reuters’ 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 company had revenue of $ 1.11 billion for the quarter, compared to the consensus estimate of $ 972.47 million. During the same period in the prior year, the firm posted $ 0.22 EPS. The business’s revenue was down 7.4% on a year-over-year basis.
Several equities research analysts recently commented on HOG shares. Citigroup Inc cut their price target on shares of Harley-Davidson from $ 73.00 to $ 68.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada lifted their price target on shares of Harley-Davidson from $ 58.00 to $ 60.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 5th. Goldman Sachs Group Inc reiterated a “neutral” rating and set a $ 57.00 price target on shares of Harley-Davidson in a research note on Monday, December 19th. Finally, DA Davidson upgraded shares of Harley-Davidson from an “underperform” rating to a “market perform” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $ 55.65.
In related news, VP Joanne M. Bischmann sold 911 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were 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 owns 2,195 shares in the company, valued at $ 125,115. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michelle Kumbier sold 3,049 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $ 56.56, for a total transaction of $ 172,451.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,960 shares of company stock worth $ 5,912,378. Insiders own 0.99% of the company’s stock.
Several hedge funds have recently made changes to their positions in HOG. Dodge & Cox bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 517,798,000. Norges Bank bought a new stake in shares of Harley-Davidson during the fourth quarter valued at approximately $ 115,866,000. Schroder Investment Management Group boosted its stake in shares of Harley-Davidson by 489.7% in the third quarter. Schroder Investment Management Group now owns 1,338,814 shares of the company’s stock valued at $ 70,408,000 after buying an additional 1,111,788 shares during the period. FMR LLC boosted its stake in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock valued at $ 33,578,000 after buying an additional 402,811 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Harley-Davidson by 2,508.8% in the fourth quarter. Renaissance Technologies LLC now owns 383,500 shares of the company’s stock valued at $ 22,373,000 after buying an additional 368,800 shares during the period. Hedge funds and other institutional investors own 89.54% of the company’s stock.
Harley-Davidson (NYSE:HOG) traded down 1.61% during mid-day trading on Friday, hitting $ 61.05. 3,272,529 shares of the stock traded hands. The stock has a market cap of $ 10.66 billion, a P/E ratio of 15.94 and a beta of 0.88. Harley-Davidson has a 12 month low of $ 41.63 and a 12 month high of $ 63.40. The stock has a 50-day moving average price of $ 59.83 and a 200-day moving average price of $ 57.84.
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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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