Brokerages expect Harley-Davidson Inc (NYSE:HOG) to post $ 0.99 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Eleven analysts have provided estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $ 0.86 and the highest is $ 1.09. Harley-Davidson reported earnings of $ 1.36 per share in the same quarter last year, which would suggest a negative year over year growth rate of 27.2%. The business is scheduled to announce 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 fiscal year, analysts expect 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 averages are an average based on a survey of research analysts that that provide coverage for Harley-Davidson.
Harley-Davidson (NYSE:HOG) last issued its earnings results on Tuesday, January 31st. The company reported $ 0.27 EPS for the quarter, missing the consensus estimate of $ 0.31 by $ 0.04. Harley-Davidson had a return on equity of 35.38% and a net margin of 13.13%. The company earned $ 1.11 billion during the quarter, compared to the consensus estimate of $ 972.47 million. During the same quarter in the prior year, the business earned $ 0.22 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year.
HOG has been the subject of several research analyst reports. Citigroup Inc lowered their target price 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. Morgan Stanley reissued an “overweight” rating and set a $ 59.00 target price (down previously from $ 61.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Tigress Financial reissued a “buy” rating on shares of Harley-Davidson in a research note on Friday, March 17th. Wedbush reissued a “hold” rating and set a $ 53.00 target price (up previously from $ 48.00) on shares of Harley-Davidson in a research note on Friday, January 13th. Finally, Goldman Sachs Group Inc reissued a “neutral” rating and set a $ 55.00 target price (down previously from $ 57.00) on shares of Harley-Davidson in a research note on Wednesday, February 1st. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $ 55.65.
Harley-Davidson (NYSE:HOG) opened at 60.84 on Friday. The company has a market cap of $ 10.62 billion, a P/E ratio of 15.89 and a beta of 0.88. Harley-Davidson has a 52 week low of $ 41.63 and a 52 week high of $ 63.40. The firm has a 50-day moving average price of $ 59.50 and a 200 day moving average price of $ 57.55.
In other Harley-Davidson news, VP Joanne M. Bischmann sold 911 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 2,195 shares in the company, valued at approximately $ 125,115. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Michelle Kumbier sold 3,049 shares of the stock in a transaction that occurred on Monday, February 6th. The stock was 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 103,960 shares of company stock worth $ 5,912,378 over the last quarter. 0.99% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Dodge & Cox purchased a new position in shares of Harley-Davidson during the fourth quarter worth about $ 517,798,000. Norges Bank purchased a new position in shares of Harley-Davidson during the fourth quarter worth about $ 115,866,000. Schroder Investment Management Group boosted its position 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 worth $ 70,408,000 after buying an additional 1,111,788 shares in the last quarter. FMR LLC boosted its position in shares of Harley-Davidson by 233.2% in the fourth quarter. FMR LLC now owns 575,566 shares of the company’s stock worth $ 33,578,000 after buying an additional 402,811 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position 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 worth $ 22,373,000 after buying an additional 368,800 shares in the last quarter. Institutional investors own 89.54% of the company’s stock.
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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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