Equities research analysts expect Harley-Davidson Inc (NYSE:HOG) to report $ 1.39 earnings per share (EPS) for the current quarter, Zacks reports. Eleven analysts have made estimates for Harley-Davidson’s earnings. The lowest EPS estimate is $ 1.02 and the highest is $ 1.62. Harley-Davidson posted earnings per share of $ 1.55 during the same quarter last year, which would suggest a negative year over year growth rate of 10.3%. The company is expected to issue its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that Harley-Davidson will report full-year earnings of $ 3.80 per share for the current year, with EPS estimates ranging from $ 3.69 to $ 3.95. For the next year, analysts forecast that the company will report earnings of $ 4.14 per share, with EPS estimates ranging from $ 3.95 to $ 4.39. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Harley-Davidson.
Harley-Davidson (NYSE:HOG) last announced its 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. Harley-Davidson had a net margin of 13.13% and a return on equity of 35.38%. The business earned $ 1.33 billion during the quarter, compared to the consensus estimate of $ 1.35 billion. During the same quarter last year, the firm earned $ 1.36 earnings per share. Harley-Davidson’s quarterly revenue was down 15.7% on a year-over-year basis.
HOG has been the subject of several research analyst reports. Citigroup Inc dropped their target price 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. Argus reiterated a “hold” rating on shares of Harley-Davidson in a research note on Friday, February 3rd. Royal Bank of Canada increased 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. Deutsche Bank AG reiterated a “hold” rating and issued a $ 50.00 price target (down from $ 52.00) on shares of Harley-Davidson in a research note on Thursday, April 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $ 63.00 price target (up from $ 58.00) on shares of Harley-Davidson in a research note on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, eighteen have issued 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 $ 56.12.
Shares of Harley-Davidson (NYSE:HOG) traded down 0.783% during trading on Friday, reaching $ 56.365. 1,579,845 shares of the company were exchanged. Harley-Davidson has a one year low of $ 41.63 and a one year high of $ 63.40. The stock has a 50-day moving average price of $ 59.86 and a 200-day moving average price of $ 58.34. The stock has a market capitalization of $ 9.92 billion, a PE ratio of 16.072 and a beta of 0.88.
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In related news, VP Joanne M. Bischmann sold 911 shares of the company’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 directly owns 2,195 shares of the company’s stock, valued at $ 125,115. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Michelle Kumbier sold 3,049 shares of the company’s stock in a transaction dated Monday, February 6th. The stock was 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. Insiders have sold 103,960 shares of company stock valued at $ 5,912,378 over the last three months. Insiders own 0.99% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HOG. Stratos Wealth Partners LTD. raised its stake in Harley-Davidson by 1.7% in the third quarter. Stratos Wealth Partners LTD. now owns 39,132 shares of the company’s stock worth $ 2,058,000 after buying an additional 665 shares during the period. FMR LLC raised its stake in 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 during the period. Westpac Banking Corp raised its stake in Harley-Davidson by 15.9% in the third quarter. Westpac Banking Corp now owns 137,443 shares of the company’s stock worth $ 7,228,000 after buying an additional 18,840 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in Harley-Davidson during the third quarter worth $ 4,591,000. Finally, Independent Franchise Partners LLP raised its stake in Harley-Davidson by 1.5% in the third quarter. Independent Franchise Partners LLP now owns 8,745,188 shares of the company’s stock worth $ 459,909,000 after buying an additional 127,052 shares during the period. 89.54% of the stock is owned by institutional investors.
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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